A company recently acquired a copyright that now has a remaining legal life of 30...
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Accounting
A company recently acquired a copyright that now has a remaining legal life of 30 years. The copyright had a 38-year useful life assigned to it. An analysis of marketing trends and consumers habits indicate that the copyrighted material will generate positive cash flow for approximately 25 years. What is the remaining useful life, if any, over which the company can amortize the copyright for accounting purposes?
0 years
30 years
25 years
38 years
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