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A limited life intangible asset is reported on the balance sheet at a. the fair value of the asset at a balance sheet date b.

A limited life intangible asset is reported on the balance sheet at a. the fair value of the asset at a balance sheet date b. the assessed value of the asset for income tax purposes c. the asset's acquisition cost less the total related amortization recorded to date d. equal to the balance of the related accumulated amortization account

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