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    Fundamental Accounting Principles Study Set 5
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    Exam 4: Completing the Accounting Cycle
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    Intangible Assets Are Long-Term Resources Used to Produce or Sell
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Intangible Assets Are Long-Term Resources Used to Produce or Sell

Question 132

Question 132

Essay

Intangible assets are long-term resources used to produce or sell products and services; they generally lack ______________ and their benefits are highly ___________.

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