Asked by Kiera Gover on May 17, 2024
Verified
Which of the following is not true regarding certain assets?
A) A copyright provides the right to publish,use,and sell equipment.
B) A trademark provides the right to a name,image,or slogan identified with a product.
C) The cost to design a software program for manufacturing equipment will be expensed as research and development expense.
D) A patent on equipment enables the inventor to sell that equipment.
Copyright
A legal right granted to the creator of original works, providing exclusivity to use, distribute, and modify the work for a certain period.
Trademark
An exclusive legal right to use a special name, image, or slogan
Patent
Granted by the federal government for an invention; gives the owner the exclusive right to use, manufacture, and sell the subject of the patent
- Understand the conceptual and practical treatment of intangible assets, including copyrights, patents, trademarks, and their amortization.
Verified Answer
MG
Mehak GuptaMay 23, 2024
Final Answer :
A
Explanation :
A copyright does not provide the right to publish, use, and sell equipment. Copyright provides protection for written or artistic works.
Learning Objectives
- Understand the conceptual and practical treatment of intangible assets, including copyrights, patents, trademarks, and their amortization.
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