If an intangible asset has a legal life of eight years but contractually the usefulness is limited to six years, a company will amortize the cost over:
Six years.
Seven years.
Eight years.
Either six or eight years is allowed.
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Home » Business » If an intangible asset has a legal life of eight years but contractually the usefulness is limited to six years, a company will amortize the cost over: Six years. Seven years. Eight years. Either six or eight years is allowed.