ACC 304 All Assignments ACC 304 All Assignments | Page 206

a. amortizable or unamortizable.
b. limited-life or indefinite-life.
c. specifically identifiable or goodwill-type.
d. legally restricted or goodwill-type.
30. Companies should test indefinite life intangible assets at least
annually for:
a. recoverability.
b. amortization.
c. impairment.
d. estimated useful life.