Long-lived assets with an indefinite life include:
A)trade names.
B)trademarks.
C)certain renewable licenses.
D)goodwill arising from a business combination.
E)all of the above.

Question

Quizplus · Accepted Answer

Long-lived assets with an indefinite life include trade names, trademarks, certain renewable licenses, and goodwill arising from a business combination. Therefore, the correct choice is E – all of the above.

Long-Lived Assets with an Indefinite Life Include