A direct-mail marketing company acquires a customer list and expects that it will be able to derive benefits from the information on the list for three years. The customer list is:

1. An intangible asset which cannot be recognised on the balance sheet.
2. An asset with indefinite life which can be recognised on the balance sheet.
3. An asset with finite life which can be recognised on the balance sheet.
4. An asset which can be amortised.
5. An asset that cannot be amortised.

Select one:

a.3, 4 and 5 only

b.2 and 5 only

c.1 only

d.3 and 4 only

e.2, 4 and 5 only