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Answer the following questions related to tangible and intangible assets: Prepare a brief written summary of the procedures for applying for patents, copyrights, and trademarks.

Answer the following questions related to tangible and intangible assets:

  • Prepare a brief written summary of the procedures for applying for patents, copyrights, and trademarks.
  • In your own words, describe the difference between tangible and intangible assets.
  • How does accounting for depreciation differ when the asset is intangible as opposed to tangible?

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