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    Financial Accounting Tools Study Set 4
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    Exam 9: Reporting and Analyzing Long-Lived Assets
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    The Cost of an Intangible Asset with an Indefinite Life
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The Cost of an Intangible Asset with an Indefinite Life

Question 89

Question 89

Multiple Choice

The cost of an intangible asset with an indefinite life should


A) be amortized over 20 years.
B) be amortized over the life of the creator plus 70 years.
C) not be amortized.
D) not be recorded.

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