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.

---

Definitions:

Job K332

A specific work order or project identifier used to track expenses, progress, and completion within a job costing system.

Manufacturing Overhead

Encompasses all the indirect costs associated with the production process, including utilities, maintenance, and factory equipment depreciation.

Unit Product Costs

The total expense incurred to create a product divided by the number of units produced, encompassing both direct and indirect costs.

Machine-Hour

A unit of measure representing the operation of a machine for one hour, used in allocating manufacturing overhead costs to products.