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    Intermediate Accounting Study Set 4
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    Exam 12: Long-Term Operating Assets: Acquisition, cost Allocation, and Derecognition
  5. Question
    The Cost of Internally Developed Intangible Assets Is Charged as an Expense
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The Cost of Internally Developed Intangible Assets Is Charged as an Expense

Question 40

Question 40

True/False

The cost of internally developed intangible assets is charged as an expense of the period in which the costs are incurred.

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