____ 7. The cost of a patent should be
A. amortized over the assets' estimated useful life, or 20 years, whichever is shorter.
B. amortized over a period not exceeding 5 years.
C. amortized over the assets' estimated useful life.
D. charged to an expense account at acquisition.
Answer:A
____ 7. The cost of a patent should be
A. amortized over the assets' estimated useful life, or 20 years, whichever is shorter. B. amortized over a period not exceeding 5 years. C. amortized over the assets' estimated useful life. D. charged to an expense account at acquisition.