Intangible assets that have an indefinite useful life:

Multiple Choice

• Are those with no foreseeable limit on the period of time over which the asset is expected to contribute to the cash flows of the entity.

• Are those with no legal, contractual, or economic factors that are expected to limit their useful life to a company.

• Are those whose acquisition costs are not amortized over their useful life.

• All of these answer choices are correct.