A copyright should be amortized over useful life of the copyright and not the life of the author,plus 70 years.

Question

Quizplus · Accepted Answer

According to US GAAP (Generally Accepted Accounting Principles), a copyright should be amortized over its useful life, which is typically the period over which it is expected to generate economic benefits for the entity holding the copyright. The useful life of a copyright is usually shorter than the life of the author plus 70 years, so it would not make sense to amortize the copyright over the entire life of the author.

A Copyright Should Be Amortized Over Useful Life of the Copyright