Session 9: Financial Reporting and Analysis: Inventories, Long-lived Assets, Income Taxes, and Non-current Liabilities
Reading 37: Long-lived Assets
LOS b: Distinguish between intangible assets with finite and indefinite useful lives.
Which of the following items is least likely an example of an intangible asset with an indefinite life?
|
|
|
|
|
C) |
Trademarks that can be renewed at minimal cost. | |
Acquired patents are most likely purchased with the intent to use over a specific period of time and therefore would be an example of an intangible asset with a finite life. Goodwill, by definition, is an intangible asset with an indefinite life. Trademarks that can be renewed at minimal cost are also considered to be intangible assets with infinite lives. | 
发表于 2011-3-21 15:20
|