Copyright

Accounting Dictionary

Copyright

The right to use or make copies of a book or musical or artistic composition.

A copyright is an intangible asset that lasts for the life of the creator + 50 years. In the hands of the creator, the value of the copyright is the cost for the legal fees to obtain the copyright. If a copyright is purchased, the value is the amount paid. The purchase price can be amortized over the useful life.

Sign Up to Learn More!

Join our mailing list today to get notified of new discount offers, course updates, Roger CPA Review news, and more!