Intangible assets that have an indefinite useful life:
a. Are those whose acquisition costs is not amortized over their useful life.
b. Are those with no legal, contractual, or economic factors that are expected to limit their useful life to a company.
c. Are those with no foreseeable limit on the period of time over which the asset is expected to contribute to the cash flows of the entity.
d. All of these answer choices are correct.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Intangible assets that have an indefinite useful life: a. Are those whose acquisition costs is not amortized over their useful life. b. Are ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
When the Fed changes the money supply, what does that then directly affect?
Answers (1)
Is ordering a pizza for someone else illegal?
Answers (1)
What model explains the nature of economic transactions in terms of a flow of resources from businesses to households and back again?
Answers (1)
When Vanessa, a U. S. citizen, purchases a designer dress from Barneys of New York that was made in Milan, Italy, the purchase is: A. both a U. S. and an Italian import. B. a U. S. import and an Italian export. C. a U. S.
Answers (1)
Zealot Inc. has retained earnings of $500,000 and total stockholders' equity of $2,000,000. It has 100,000 shares of $8 par value common stock outstanding, which is currently selling for $30 per share.
Answers (1)
New Questions in Business
Which of the following are characteristics of public goods? Choose one or more: A. Public goods generally have a small value to society. B. The quality of public goods does not diminish when multiple people consume them. C.
Answers (1)
On July 1, 2021, Rents-A-Lot Inc. paid $72,000 for 36 months of advance rent on its warehouse. What would be the amount of rent expense in the 2022 financial statements for Rents-A-Lot under both cash - basis and accrual-basis accounting?
Answers (1)
All the members of the sales team at Arkema are new hires. The team members need to work together to ensure that clients' requirements are fulfilled, and weekly targets set by the company are adequately met.
Answers (1)
After 9/11, the demand for air travel fell substantially, bringing the airline industry to its knees. Congress wanted to compensate the airlines for losses but there was a great debate over how much money was at stake.
Answers (1)
The company sponsors a two-day training meeting for managers and there is a one-hour session on how personality affects employee performance.
Answers (1)