Which of the Following Statements Is True

Multiple Choice

Which of the following statements is true?

A) Long-lived tangible assets will not be used up within one year of the purchase date, but there is no minimum useful life for long-lived intangible assets.
B) Items in a company's inventory that are not expected to be sold in the next year are considered long-lived assets.
C) All long-lived intangible assets must be amortized over a period of 40 years or less.
D) Intangible assets with unlimited or indefinite lives are not amortized.