Danube, Toggle, and ConnectOn rely on various intangible assets to operate their businesses. These companies amortize the cost of these assets using the straightline method over the following average estimated useful lives in years as reported in their annual reports.
tableType of Intangible Asset,Danube,Toggle,ConnectOnDeveloped Technology,Trade Names,Customer Relationships,
Required:
Based on these estimates, identify the company that uses the longest periods for amortizing most of its classes of intangible assets.
Toggle
Danube
ConnectOn
Will these estimates increase or decrease that company's net income relative to its competitors?
Increase
Decrease