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1. Define an intangible asset and give an example of three intangible assets. 2. What types of costs are capitalized regarding intangible assets? 3.

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1. Define an intangible asset and give an example of three intangible assets. 2. What types of costs are capitalized regarding intangible assets? 3. When is goodwill recorded? Is goodwill amortized? Why/Why not? 4. Describe the treatment of goodwill impairment.

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