Question

A company acquired a copyright that now has a remaining legal life of 30 years. In the hands of the previous owner, the copyright had a 38-year useful life assigned to it. An analysis of market trends and consumer habits indicated that the copyrighted material will generate positive cash flows for approximately 25 years. What is the remaining useful life, if any, over which the company can amortize the copyright for accounting purposes

Answer 1

25 years

Step-by-step explanation:

the useful life that would be used for accounting proposes is the number of years a positive cash flow can be earned from the copyright