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Accounting for the cost of intangible assets involves all of the following except: A. Distinguishing between those that are externally acquired and those that are

  • Accounting for the cost of intangible assets involves all of the following except:
  • A. Distinguishing between those that are externally acquired and those that are internally developed.
  • B. Expensing as incurred all costs of internally developed intangible assets
  • C. Reviewing for impairment purchased unidentifiable intangible assets
  • D. Amortizing the cost of purchased intangible assets with a finite life

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