c. amortized over a maximum period of 9 years. d. expensed in 2012.
35. Wriglee, Inc. went to court this year and successfully defended its patent from infringe-ment by a competitor. The cost of this defense should be charged to
a. patents and amortized over the legal life of the patent. b. legal fees and amortized over 5 years or less. c. expenses of the period. d. patents and amortized over the remaining useful life of the patent. 36. Which of the following is not an intangible asset? a. Trade name b. Research and development costs c. Franchise d. Copyrights
37. Which of the following intangible assets should not be amortized?
a. Copyrights b. Customer lists c. Perpetual franchises