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____ 10. A purchased trademark is a 197 intangible. ____ 11. If startup expenses total $54,000 in 2016, $1,000 is expensed. True/False Indicate whether the

____ 10. A purchased trademark is a 197 intangible.

____ 11. If startup expenses total $54,000 in 2016, $1,000 is expensed.

True/False Indicate whether the statement is true or false.

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