A copyright is an example of which general category of intangible asset that should be recognized separately according to current generally accepted accounting principles?
A) Marketing-related
B) Customer-related
C) Artistic-related
D) Contract-based

Question

Quizplus · Accepted Answer

Copyrights fall under the category of artistic-related intangible assets according to generally accepted accounting principles (GAAP). This category includes assets like plays, literary works, musical works, pictures, photographs, and video and audiovisual material.

A Copyright Is an Example of Which General Category of Intangible