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:

Self-Actualization Needs

The highest level in Maslow's hierarchy of needs, where individuals strive for fulfillment, creativity, and the realization of their potential.

Abram Maslow

An American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Needs Hierarchy

A theory of human motivation that is often visualized as a pyramid, with the most basic needs at the bottom.

Abram Maslow

A psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.