Which of the Following Represents the Maximum Amortization Period Mandated

question 54

Multiple Choice

Which of the following represents the maximum amortization period mandated by current generally accepted accounting principles for amortizable intangible asset?

• A) 10 years
• B) 20 years
• C) 40 years
• D) No arbitrary cap on the useful life of amortizable intangible assets has been established.

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Definitions:

Reinforcement

In behavioral psychology, a process in which a behavior is encouraged or strengthened by a consequence that follows it.

Behavior

The way in which one acts or conducts oneself, especially towards others, shaped by learning, perception, and external stimuli.

Encoding

The process of converting information into a form that can be stored in memory.

Preparedness

A psychological term referring to a predisposition to learn certain types of behaviors or concepts more easily than others, often due to evolutionary pressures.