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Is the amount by which the value of a company exceeds the fair market value of a company's net assets if purchased separately Gives its owner the exclusive right to publish and sell a musical or literary work during the life of the creator plus 17 years Question 7. Question : 7% for 60 days is: The interest accrued on $3,600 at $36 $42 $252 $180 $420 Question 8. Question : A machine originally had an estimated useful life of 5 years, but after 3 complete years, it was decided that the original estimate of useful life should have been 10 years. At that point the remaining cost to be depreciated should be allocated over the remaining: 2 years