Factor(s)that might limit an intangible asset's useful life include:

Question

Quizplus · Accepted Answer

All of the choices listed (legal, regulatory, contractual, and economic factors) can limit the useful life of an intangible asset. Legal and regulatory factors, such as changes in laws or regulations, could render an intangible asset obsolete or unusable. Contractual factors, such as the expiration of a licensing agreement, could also limit the useful life of an intangible asset. Economic factors, such as changes in market demand or technological advancements, could rapidly reduce the value or usefulness of an intangible asset.

Factor(s)that Might Limit an Intangible Asset's Useful Life Include