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    Financial Accounting Study Set 28
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    Exam 9: Reporting and Analyzing Long-Lived Assets
  5. Question
    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 290

Question 290

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) None of these answer choices are correct.

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