Over what period of time should a patent be amortized?
A) twenty years
B) its useful life
C) twenty years or its useful life, whichever is shorter
D) twenty years or its useful life, whichever is longer

Question

Quizplus · Accepted Answer

A patent should be amortized over twenty years or its useful life, whichever is shorter, as this reflects the period over which the patent is expected to provide economic benefits.

Over What Period of Time Should a Patent Be Amortized