If no legal, regulatory, contractual, competitive, economic, or other factors limit the life of an intangible asset, the asset's assigned value is allocated to expense over which of the following?
A. Indefinitely
B. Indefinitely (no amortization) with an annual impairment review until its life becomes finite.
C. 10 years
D. 20 years with an annual impairment review
Answer: B. Indefinitely (no amortization) with an annual impairment review until its life becomes finite.
Business
You might also like to view...
The first building block of a quality improvement system is ________
A) people B) organizational learning and knowledge C) culture D) closeness to customers E) information and finance
Business
Cost of goods sold is the difference between the goods available for sale and the ending inventory
Indicate whether the statement is true or false
Business