Certified Internal Auditor (CIA) Part 3: Business Knowledge for Internal Auditing — Question 197

Which of the following intangible assets is considered to have an indefinite life?

Answer options

• A. Underground oil deposits.
• B. Copyright.
• C. Trademark.
• D. Land.

Correct answer: C

Explanation

The correct answer is C, Trademark, as it can last indefinitely as long as it is in use and properly maintained. In contrast, Underground oil deposits (A) and Land (D) are tangible assets, while Copyright (B) has a limited duration, typically lasting for the life of the author plus a certain number of years.