The Cost of an Intangible Asset with an Indefinite Life

question 290

Multiple Choice

The cost of an intangible asset with an indefinite life should

• A) be amortized over 20 years.
• B) be amortized over the life of the creator plus 70 years.
• C) not be amortized.
• D) None of these answer choices are correct.

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Definitions:

Aboriginal People

Indigenous people native to a land or country, especially those with a long history and cultural heritage predating colonialism.

Domination

The exercise of power over a group of people to direct them to comply with specific commands.

Work Environment

The physical and psychological conditions under which employees operate, including factors such as safety, culture, and interpersonal relationships.

Authority

The power or right to give orders, make decisions, and enforce obedience, often within a specific domain or institution.