Which intangible assets are amortized over their useful life?
A) trademarks
B) goodwill
C) patents
D) all of the above

Question

Quizplus · Accepted Answer

Amortization refers to the systematic allocation of the cost of intangible assets over their useful life. Patents are an example of intangible assets that are amortized over their useful life. Trademarks and goodwill, on the other hand, are not amortized but are subject to impairment testing.

Which Intangible Assets Are Amortized Over Their Useful Life