Which of the Following Intangible Assets Is Not Subject to the 15-Year

question 65

Multiple Choice

Which of the following intangible assets is not subject to the 15-year amortization period?

• A) Purchased goodwill.
• B) A professional football franchise purchased and relocated to Indianapolis.
• C) A covenant not to compete.
• D) A purchased customer list for mail order clothing.
• E) A patent for a hair restoration chemical purchased from Ugrow Corporation.

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Definitions:

Multiple Cores

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CPU Chip

The central processing unit of a computer, a crucial component responsible for interpreting and executing most of the commands from the computer's other hardware and software.

Dolby Digital 7.1

An audio technology providing sound from eight channels (7 speakers plus 1 subwoofer) for a surround sound experience in movies, games, and TV.

Desktop Computer Systems

Computing devices designed for regular use at a single location on or near a desk or table due to their size and power requirements.