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Apple Limited is a successful engineering business. Over the past number of years, the company has achieved a market share for its products of 30%.

Apple Limited is a successful engineering business. Over the past number of years, the company has achieved a market share for its products of 30%. At a recent board meeting, the directors suggested recognizing an intangible asset for this market share. Determine and explain whether the market share should be recognized as an intangible asset or not

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