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13, Property, plant and equipment are assets held for sale. True False 14, Depreciation is the process of allocating the cost of a tangible asset
13, Property, plant and equipment are assets held for sale.
True
False
14, Depreciation is the process of allocating the cost of a tangible asset in a rational and systematic manner over the asset's estimated useful life.
True
False
15, Intangible assets should be amortized over their anticipated legal, regulatory, contractual, competitive or economic life.
True
False
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