Examlex
It is much easier to form a connection to a product when the product is _______, or it looks like a person.
Expected Useful Life
It refers to the estimated duration a fixed asset is expected to be economically useful to the owner, beyond which it is considered to depreciate.
Amortized
The process of spreading the cost of an intangible asset over its useful life, or the reduction of debt through regular payments of principal and interest over a set period.
Accumulated Amortization
The total amount of amortization expense that has been applied to intangible assets over time, reducing their book value on the balance sheet.
Intangible Assets
Assets that lack physical substance but have economic value due to rights, privileges, or advantages they confer to the business, such as patents, trademarks, and copyrights.
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