Multiple Choice
An "indefinite life" for an intangible asset means that
A) the asset will last forever.
B) unlimited amortization may be recorded for the asset.
C) amortization is only recorded if future economic benefits can be determined.
D) there appears to be no foreseeable limit to how long the asset will generate positive future cash flows.
Correct Answer:
Verified
Correct Answer:
Verified
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