Copyrights -...

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Copyrights. Companies amortize a variety of intangible assets, depending on the nature of the  business. Copyrights provide their owner with the exclusive right to reproduce and sell artistic works,  such as books, songs, or movies. The cost of copyrights includes a nominal registration fee and any  expenditures associated with defending the copyright. If a copyright is purchased, the purchase price  determines the amortizable cost. Although the legal life of a copyright is extensive, copyrights are  often fully amortized within a relatively short period of time. The amortizable life of a copyright, like  other intangible assets, may never exceed forty years.  Trademarks and trade names. Trademarks and trade names include corporate logos, advertising  jingles, and product names that have been registered with the government and serve to identify  specific companies and products. All expenditures associated with securing and defending 
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This note was uploaded on 11/14/2011 for the course ACCT 1310 taught by Professor Staff during the Fall '10 term at Texas State.

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