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Because intangible assets have no physical form: they are not subject to the recognition criteria of other assets and may be recorded if they satisfy
Because intangible assets have no physical form:
they are not subject to the recognition criteria of other assets and may be recorded if they satisfy the three elements of the definition. | ||
they must be expensed immediately, as assets must be able to be measured. | ||
they have no real value and should be excluded from accounting reports. | ||
none of the given answers is correct. |
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