Virginia Murrah: Attempt 1 Major repairs that extend the useful life of a plant asset beyond its original estimate 2. An exclusive right granted to its owner to manufacture and sell an item, or to use a process, for 20 years A condition where a plant asset is no longer useful in 3. producing goods or services with a competitive 10 advantage Copyright Assets that increase the benefits of land, have a imited useful ife, and are subject to depreciation 14 15 19 20 The total cost of a plant asset less its accumulated Patent