After reading the financial statements and footnotes of a company that follows IFRS, an analyst identified the following intangible assets:
- product patent expiring in 40 years
- copyright with no expiration date
- goodwill acquired 2 years ago in a business combination
Which of these assets is an intangible asset with a finite useful life?
|
Product Patent |
Copyright |
Goodwill |
|
|
|
Yes |
Yes |
No |
|
|
Yes |
No |
No |
|
|
No |
Yes |
Yes |