A direct-mail marketing company acquires a customer list and expects that it will be able to derive
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Question:
A direct-mail marketing company acquires a customer list and expects that it will be able to derive benefits from the information on the list for three years. The customer list is:
- An intangible asset which cannot be recognised on the balance sheet.
- An asset with indefinite life which can be recognised on the balance sheet.
- An asset with finite life which can be recognised on the balance sheet.
- An asset which can be amortised.
- An asset that cannot be amortised.
Select one:
a. 3, 4 and 5 only
b. 2 and 5 only
c. 1 only
d. 3 and 4 only
e. 2, 4 and 5 only
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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