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29 October, 23:35

Patents are an example of which of the following?

A : deferred costs

B : limited-life intangible assets

C : limited-life tangible assets

D : inferred costs

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Answers (1)
  1. 29 October, 23:58
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    Answer: Option (B) is correct.

    Explanation:

    Correct option: limited-life intangible assets.

    Patents are considered as a intangible assets. Patents are the intellectual property that a owner can use to exclude others from making, selling and coping technology but for a limited number of years.

    In most of the nations patent rights fall under the civil law and if a person wants to take benefit of their patent right then he have to sue someone for infringing the patent to enforce his right.
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