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kolbaska11 [484]
3 years ago
7

Intangible assets that have an indefinite useful life:

Business
1 answer:
saw5 [17]3 years ago
8 0

Answer:

d. All of these answer choices are correct.

Explanation:

Intangible assets with an indefinite life are not amortized over the years although they are checked impairment loss that may have occurred during the year.

Intangible assets which have indefinite life provide cash flow for endless years. An example would be goodwill.

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The necessary journal entries for October month are attached below in the image :

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All company transactions are documented in journal entries. Generally speaking, a transaction is any financial activity that has an effect on a business.

All the necessary journal entries are attached below:

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