An IFRS reporting company has the following intangible assets listed in its annual report 1 a product patent that expires in 40 years 2 a copyright with no expiration date 3 goodwill acquired 2 years ago in a business combination Which of these assets is an intangible asset with a finite useful life O a Product patent yes Copyright Yes Goodwill No O b Product patent Yes Copyright No Goodwill No O c Product patent No Copyright Yes Goodwill Yes O d Product patent Yes Copyright No Goodwill Yes

Question

An IFRS reporting company has the following intangible assets listed in its annual report  1  a product patent that expires in 40 years  2  a copyright with no expiration date  3  goodwill acquired 2 years ago in a business combination  Which of these assets is an intangible asset with a finite useful life  O a  Product patent   yes  Copyright   Yes  Goodwill   No O b  Product patent   Yes  Copyright   No  Goodwill   No O c  Product patent   No  Copyright   Yes  Goodwill   Yes O d  Product patent   Yes  Copyright   No  Goodwill   Yes

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Question

An IFRS-reporting company has the following intangible assets listed in its annual report. 1. a product patent that expires in 40 years. 2. a copyright

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