chapter 12 Flashcards by Kayla Perez

Q

intangible asset

A

lack of physical existence
not financial instrument
- patents
- copyrights
- franchises or licenses
- trademarks
- goodwill

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

definite life

A

patent
copyright
franchise

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

indefinite life

A

goodwill

- trademark/tradename

How well did you know this?

1

Not at all

2

3

4

5

Perfectly