The cost of intangible assets should be:
a. amortized over the assets' estimated useful life, or its legal life, whichever is shorter.
b. amortized over a period not exceeding 5 years.
c. amortized over the assets' estimated useful life.
d. charged to an expense account at acquisition.
Ans: a. amortized over the assets' estimated useful life, or its legal life, whichever is shorter.
Business
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