The cost of a patent with a remaining legal life of 10 years and an estimated useful life of 7 years is amortized over10 years
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
The quality that makes you appear businesslike is adaptability
Indicate whether the statement is true or false.
Alex is a director of ABC, Inc Alex wants to personally make a major purchase from Bravo Co If it knew of the opportunity, ABC might be also interested in making that same purchase. Alex must
a. advise the boards of both corporations of his conflict of interest. b. first offer the opportunity to make the purchase to the disinterested directors of ABC or its shareholders. c. resign from the board of directors. d. abandon the idea of making the purchase himself.
Personal property that is permanently affixed to land or buildings is called a fixture
Indicate whether the statement is true or false
Risks are managed by
A) transferring risk. B) avoiding risk. C) accepting risk. D) all of the above.