A patent should

Question

A patent should

Quizplus · Accepted Answer

A patent should be amortized over its useful life or 20 years, whichever is shorter. This means that the amortization period should not exceed 20 years, even if the patent has a longer useful life. It is important to note that the useful life of a patent is often difficult to determine, as it depends on factors such as the industry, the technology involved, and the competitive landscape. As a result, many companies choose to use the 20-year amortization period as a default option, unless they have specific information indicating a shorter useful life for the patent.

A Patent Should