Patents, copyrights, and franchises are intangible assets with the same number of years of useful life.

Name: Patents, copyrights, and franchises are intangible assets with the same number of years of useful life.
Brand: Quizplus
Rating: 4.8 (58 reviews)

Question

Quizplus · Accepted Answer

Patents, copyrights, and franchises have different useful lives. Patents typically last for 20 years from the filing date, copyrights last for the life of the author plus 70 years (in most jurisdictions), and the useful life of franchises varies depending on the agreement.

Patents, Copyrights, and Franchises Are Intangible Assets with the Same