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5) For each of the following statements, indicate whether the statement is true or false; if the statement is false, explain why. a) Intangible assets

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5) For each of the following statements, indicate whether the statement is true or false; if the statement is false, explain why. a) Intangible assets with a limited useful life are not amortized b) Intangible assets with an indefinite useful life are amortized c) The service life of an intangible asset is always equal to its legal life d) In recording amortization, Accumulated Amortization is always credited

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