Which of the following intangible assets may or may not be amortized depending on whether it has a finite or an indefinite life?

Name: Which of the following intangible assets may or may not be amortized depending on whether it has a finite or an indefinite life?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Trademarks can have either a finite or indefinite life. If they have a finite life, they are amortized over their useful life. If they have an indefinite life, they are not amortized but are tested for impairment annually.

Which of the Following Intangible Assets May or May Not