ACC 304 All Assignments ACC 304 All Assignments | Page 207

S31. One factor that is not considered in determining the useful life
of an intangible asset is
a. salvage value.
b. provisions for renewal or extension.
c. legal life.
d. expected actions of competitors.
32.
Which intangible assets are amortized?
Limited-Life
Indefinite-Life
a. Yes Yes
b. Yes No