Copyrights are the exclusive rights granted to publish and sell books, artistic compositions and musical compositions. The copyright holder enjoys the following exclusive rights:
- to print, reprint and copy the work.
- to sell, assign or distribute copies.
- to perform the work.
Copyrights are recorded at the price paid for them. The legal life of a copyright is the life of the author plus 70 years. The economic life of a copyright rarely exceed its legal life. They are usually amortized over very short periods which is usually two to three years. The accounting for copyrights would be identical to that for patents.
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