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    Intermediate Accounting Study Set 1
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    Exam 12: Intangible Assets and Goodwill
  5. Question
    Indefinite Versus Infinite Useful Life
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Indefinite Versus Infinite Useful Life

Question 95

Question 95

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Indefinite versus infinite useful life
Is there a difference between assets with an indefinite useful life versus an infinite useful life?

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An indefinite life does not mean "infini...

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