ACC 304 All Assignments ACC 304 All Assignments | Page 205

c. other incidental expenses.
d. all of these are included.
28. Factors considered in determining an intangible asset’s useful
life include all of the following except
a. the expected use of the asset.
b. any legal or contractual provisions that may limit the useful life.
c. any provisions for renewal or extension of the asset’s legal life.
d. the amortization method used.
29. Under current accounting practice, intangible assets are
classified as