A patent is amortized over its expected useful life or 20 years. The expected useful life can be impacted by all of the following except
A) a unsuccessful lawsuit against a competitor.
B) the federal government renewing the original patent.
C) technical innovations by a competitor.
D) product improvements by the patent holder.

Question

Quizplus · Accepted Answer

The renewal of the original patent by the federal government does not impact the expected useful life of the patent, as the amortization period is based on the original patent's life or 20 years, whichever is shorter.

A Patent Is Amortized Over Its Expected Useful Life or 20