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just need help with this small section of my study guide Intangible assets are recorded in accounting system at Intangibles are categorized as having either

just need help with this small section of my study guide
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Intangible assets are recorded in accounting system at Intangibles are categorized as having either a or life. Which is amortized? life or Types of intangible assets: Patent is an issued by the U.S. Patent Office that enables the recipient to manufacture, sell, or otherwise control an invention for a period of of the grant. Research and development costs are usually recorded as an when incurred. Copyrights are granted by the federal government and give the owner The registration of a trademark provides protection and may be renewed indefinitely. Because trademarks and trade names have indefinite lives, are they amortized? Eranchise is . If there is a limited life, the cost of a franchise is amortized over it's If the life is indefinite or perpetual, the cost is Goodwill represents

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