An "Indefinite Life" for an Intangible Asset Means That

question 94

Multiple Choice

An "indefinite life" for an intangible asset means that

• A) the asset will last forever.
• B) unlimited amortization may be recorded for the asset.
• C) amortization is only recorded if future economic benefits can be determined.
• D) there appears to be no foreseeable limit to how long the asset will generate positive future cash flows.

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