1. Copyrights should be amortized over a. their legal life. b. the life of the creator plus fifty years. c. twenty years. d. their useful life or legal life, whichever is shorter. *explain why each choices. why is it incorrect or why is it the correct answer.

1. Copyrights should be amortized over a. their legal life. b. the life of the creator plus fifty years. c. twenty years. d. their useful life or legal life, whichever is shorter. *explain why each choices. why is it incorrect or why is it the correct answer.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter18: Accounting For Long-term Assets

Section: Chapter Questions

Problem 5MC

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Question

1. Copyrights should be amortized over

a. their legal life.

b. the life of the creator plus fifty years.

c. twenty years.

d. their useful life or legal life, whichever is shorter.

*explain why each choices. why is it incorrect or why is it the correct answer.

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