The cost of a patent should be amortized over:

Name: The cost of a patent should be amortized over:
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Quizplus · Accepted Answer

The cost of a patent should be amortized over the lesser of 20 years or its economic useful life, as this is the period during which the patent is expected to generate economic benefits. Amortization is the process of spreading the cost of an asset over its useful life, and in the case of a patent, it is typically expensed over the term of the patent or its expected useful life, whichever is shorter.

The Cost of a Patent Should Be Amortized Over