An intangible asset with a finite life is always amortized over:

A) the longer of the estimated useful life and legal life.
B) the estimated useful life.
C) the shorter of the estimated useful life and legal life.
D) the legal life.

Finite Life

The limited time span during which an asset is expected to be useful in the operations of a business, after which it becomes obsolete or non-functional.

Amortized

This refers to the process of gradually paying off a debt through regular payments over a set period, factoring in both principal and interest.