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Consider the following assets: a 17-year patent, a franchise granted for an indefinite period, and a five-year licence. Which of the following statements is true?

Consider the following assets: a 17-year patent, a franchise granted for an indefinite period, and a five-year licence. Which of the following statements is true?

Question 7 options:

The cost of the patent can only be included in Class 14.

If the patent is included in Class 14, the legal life of the patent will be used in determining the CCA claim.

A franchise granted for an indefinite period may be included in either Class 14 or Class 14.1.

The cost of all licences is included in Class 14.

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