Intermediate Accounting (16th Edition)

Published by Wiley
ISBN 10: 1118743202
ISBN 13: 978-1-11874-320-1

Chapter 12 - Intangible Assets - Review and Practice - Questions - Page 637: 11

Answer

Artistic-related intangible asset is related to work of arts e.g., rights to songs, poems, videos, etc…. On the other hand, contract related intangible asset relates to rights created by virtual of a contract e.g., business permit.

Work Step by Step

Work of art is protected by copyrights.
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