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2.5 pts Which of the following statements are true? O All intangible assets purchased by a company are amortized over the lesser of their useful

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2.5 pts Which of the following statements are true? O All intangible assets purchased by a company are amortized over the lesser of their useful or legal life with no salvage value. Revenue expenditures are added to the book value of an asset and depreciated over the remaining life. O A greater amount of depreciation will be recorded over the life of an asset if the double declining balance method of depreciation is used. O Recording depreciation expense through an adjusting entry is an example of an accrual O None of the above statements are true

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