Which of the Following Assets Is Not Considered to Have

question 98

Multiple Choice

Which of the following assets is not considered to have an indefinite useful life?

• A) copyright
• B) goodwill
• C) renewable franchise
• D) trademark

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Definitions:

Language

A system of communication used by a particular community or country, consisting of written, spoken, or signed words and the rules for combining them.

Economic Theory

A framework or model that attempts to explain the workings of economic systems through the analysis of various variables and their relationships.

Option

A financial derivative that gives the buyer the right, but not the obligation, to buy or sell an asset at a specific price on or before a certain date.

Objectively

In a manner that is not influenced by personal feelings or biases, based on factual and unbiased considerations.