Pendergrass Company hires an accounting intern who says that intangible assets should always be amortized over their

Question:

Pendergrass Company hires an accounting intern who says that should always be amortized over their legal lives. Is the intern correct? Explain.

Intangible Assets
An intangible asset is a resource controlled by an entity without physical substance. Unlike other assets, an intangible asset has no physical existence and you cannot touch it.Types of Intangible Assets and ExamplesSome examples are patented...