Which of the Following Is an Example of a Limited-Life

question 60

Multiple Choice

Which of the following is an example of a limited-life intangible asset?

• A) patent
• B) trade name
• C) goodwill
• D) trademark

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Definitions:

Annuities

An investment product sold by financial institutions that pays out a fixed stream of payments to the individual, and is often used as an income stream for retirees.

Compute

To calculate or determine by mathematical means.

Compounded Semiannually

Refers to the process of calculating interest on both the initial principal and the accumulated interest over two periods within a year.

Withdraw Every Six Months

A financial term that refers to the process of taking money out of an account or investment at semiannual intervals.