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    Exam 7: Fixed Assets and Intangible Assets
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    The Cost of a Patent Should Be Amortized
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The Cost of a Patent Should Be Amortized

Question 54

Question 54

Multiple Choice

The cost of a patent should be amortized


A) over 20 years.
B) over its economic life.
C) over 20 years or its economic life,whichever is shorter.
D) only if an impairment occurs.

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