d. All of the above.
26. Which of the following methods of amortization is normally used for intangible assets?
a. Sum-of-the-years '-digits b. Straight-line c. Units of production d. Double-declining-balance
27. The cost of an intangible asset includes all of the following except
a. purchase price. b. legal fees. c. other incidental expenses. d. all of these are included.
28. Factors considered in determining an intangible asset’ s useful life include all of the following except
a. the expected use of the asset. b. any legal or contractual provisions that may limit the useful life. c. any provisions for renewal or extension of the asset’ s legal life. d. the amortization method used.