The Accounting Life of Intangible Assets Is Determined by

question 29

Multiple Choice

The accounting life of intangible assets is determined by

• A)their legal lives.
• B)their useful lives.
• C)their legal lives or useful lives,whichever is shorter.
• D)the tax life mandated by the IRS.

---

Definitions:

Select Data Type

A command or option in programming and databases used to define the kind of data an element or variable will hold, such as integers, strings, or dates.

Save Button

A graphical user interface element that, when clicked, saves the current state of a document, file, or application.

Save Changes

The action of securely storing modifications made to a document or settings within an application or system.

Record

A collection of related items of information stored together, often in a database or a document.