Which of the following statements is true? a. The amortization period of a patent is the lesser of its useful life or 20 years, whichever is shorterb. If an intangible asset has an unspecified or indeterminate life, it should be amortizedc. Research and development costs are usually added to the cost of an asset rather than expensed when incurredd. Trademarks are amortized over a period of 20 yearse. Goodwill is recorded when a business invests in itself by acquiring property, plant & equipment
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Home » Business » Which of the following statements is true? a. The amortization period of a patent is the lesser of its useful life or 20 years, whichever is shorterb. If an intangible asset has an unspecified or indeterminate life, it should be amortizedc.