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:

Factors

Variables or elements that contribute to a particular outcome or situation.

Attitudes

A settled way of thinking or feeling about someone or something, typically reflected in a person's behavior.

Method

A systematic and orderly procedure or process for achieving a goal or conducting an investigation.

Example

An instance or illustration that is representative of a group or concept, often used for clarification or teaching.