Long term capital assets with a \ an) ________________may not be amortizable.
A)defined life
B)undefined life
C)residual value
D)undefined value

Question

Quizplus · Accepted Answer

Long term capital assets with an undefined life may not be amortizable. Amortization is the process of spreading the cost of an asset over its useful life. However, if the life of the asset is undefined (such as for land or mineral rights), then it cannot be amortized.

Long Term Capital Assets with a \ An) ________________May Not