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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