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12. Which of the following statements concerning intangibles is true? a. a copyright should be considered an intangible with an indefinite life b. organization costs

12. Which of the following statements concerning intangibles is true?
a. a copyright should be considered an intangible with an indefinite life
b. organization costs must be expensed as incurred
c. a patent should be amortized over the shorter of the inventors life or its economic life
d. the registration of a trademark or tradename lasts for 20 years and is nonrenewable

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