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According to GAAP, the two classifications of intangible assets are: Limited-life or indefinite-life Legally restricted or goodwill type Goodwill type or specifically itentifiable Amortizable or

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According to GAAP, the two classifications of intangible assets are: Limited-life or indefinite-life Legally restricted or goodwill type Goodwill type or specifically itentifiable Amortizable or unamortizable Which costs of a internally generated patent are capitalizable? All costs are capitalizable Legal cost of defending the patent It is at management's discretion Only internal labor, like R\&D

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