Question: a. Identify the basic accounting procedures governing valuation of intangible assets. b. Distinguish between accounting for internally developed and purchased goodwill (and intangibles). c. Discuss

a. Identify the basic accounting procedures governing valuation of intangible assets.

b. Distinguish between accounting for internally developed and purchased goodwill (and intangibles).

c. Discuss the importance of distinguishing between identifiable intangibles and unidentifiable intangibles.

d. Explain the principles underlying amortization of intangible assets.

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