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Intangible Assets with Definite Useful Lives Should Be Amortized

Question 18

Multiple Choice

Intangible assets with definite useful lives should be amortized:


A) over their useful lives.
B) over the time periods provided under IAS 36 which prescribes amortization periods for different classes of assets.
C) under the applicable capital cost allowance rates provided by the Canada Revenue
Agency.
D) not at all.

Correct Answer:

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