Question: Multiple choice question An intangible asset that has a definite life should be amortized over a.its legal life. b.its economic life. c.either its legal life

Multiple choice question

An intangible asset that has a definite life should be amortized over

a.its legal life.

b.its economic life.

c.either its legal life or its economic life, whichever is shorter.

d.intangible assets with definite lives should not be amortized.

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