Intangible assets that have an indefinite useful life:   Question 17 options:   Are those with no legal, contractual, or economic factors that are expected to limit their useful life to a company.   Are those whose acquisition costs are not amortized over their useful life.   Are those with no foreseeable limit on the period of time over which the asset is expected to contribute to the cash flows of the entity.   All of these answer choices are correct.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Intangible assets that have an indefinite useful life:

 

Question 17 options:

 

Are those with no legal, contractual, or economic factors that are expected to limit their useful life to a company.

 

Are those whose acquisition costs are not amortized over their useful life.

 

Are those with no foreseeable limit on the period of time over which the asset is expected to contribute to the cash flows of the entity.

 

All of these answer choices are correct.

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