Which of the following intangible assets may or may not be amortized depending on whether it has a finite or an indefinite life?

A) Patents.

B) Copyrights.

C) Goodwill.

D) Trademarks.

Answer: D

Which of the following intangible assets has an indefinite useful life?

A) Patents.

B) Copyrights.

C) Franchises.

D) Goodwill.

Answer: D

Which of the following intangible assets is not amortized?

A) Patents.

B) Copyrights.

C) Franchises.

D) Goodwill.

Answer: D