Solution-Which is an example of a limited-life intangible

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Problem 1: Intangible assets that have a finite life are amortized over a period NOT to exceed

Option 1: intangible assets are not amortized.
Option 2: 0 years.
Option 3: their useful life.
Option 4: the legal life.

Problem 2: Which of the following is an example of a limited-life intangible asset?

Option 1: patent
Option 2: trade name
Option 3: goodwill
Option 4: trademark

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