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

question 45

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 trademark.

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Definitions:

Data Members

Variables that hold the state of an object in a class, typically private and accessed via getter and setter methods.

Superclass

A superclass is a class in object-oriented programming from which other classes inherit methods and attributes.

Superclass

A class from which a subclass inherits features, including fields and methods.

Properties

Characteristics or attributes that describe an object or class in programming and software development.