The following statement stands true when intangible assets are compared to the currentassets
A)Useful life is short
B)Useful life is moderate
C)Useful life is long
D)all

Question

Quizplus · Accepted Answer

Intangible assets typically have a long useful life, unlike current assets which are expected to be converted into cash or used up within one year or the operating cycle of the business, whichever is longer.

The Following Statement Stands True When Intangible Assets Are Compared