Factors considered in determining an intangible asset's useful life include all of the following except
A) the expected use of the asset.
B) any legal or contractual provisions that may limit the useful life.
C) any provisions for renewal or extension of the asset's legal life.
D) the amortization method used.

Question

Quizplus · Accepted Answer

The amortization method used is not a factor in determining an intangible asset's useful life. The other choices (A, B, and C) are all relevant factors that should be considered in determining the useful life of an intangible asset.

Factors Considered in Determining an Intangible Asset's Useful Life Include