The amortization period for a patent is
A)indefinite; patents should be reviewed for impairment annually
B)20 years
C)20 years or the expected useful life of the patent, whichever is longer
D)20 years or the expected useful life of the patent, whichever is shorter

Question

Quizplus · Accepted Answer

The amortization period for a patent is the shorter of its legal life (typically 20 years) or its expected useful life. This ensures that the cost of the patent is expensed over the period it is expected to generate revenue.

The Amortization Period for a Patent Is