Why this is mistaken
Legal rights can cap or shape useful life, but they do not erase economic and renewal evidence. Require a short life memo before opening the amortization formula.
Where to watch
When this mistake may appear
- A patent, license, or customer contract supplies both a legal term and a shorter supported expected-use period.
Check your work
Your work may contain this mistake if:
- The schedule uses the longest printed term without a life memo.