Factor(s)that might limit an intangible asset's useful life include

Question

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All of the choices listed (legal, regulatory, contractual, economic) can potentially limit the useful life of an intangible asset. Legal and regulatory changes may make the asset obsolete or limit its ability to generate profits. Contractual limitations may restrict the use or transfer of the asset. Economic factors may also impact the asset's continued usefulness, such as changes in market demand or technological advancements. Therefore, all of these factors can contribute to a shortened useful life of an intangible asset.

Factor(s)that Might Limit an Intangible Asset's Useful Life Include