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    Intermediate Accounting Study Set 9
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    Exam 12: Intangible Assets
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    If the Fair Value of an Unlimited Life Intangible Other
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If the Fair Value of an Unlimited Life Intangible Other

Question 74

Question 74

True/False

If the fair value of an unlimited life intangible other than goodwill is less than its book value, an impairment loss must be recognized.

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