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Consider the following: Statement 1#-Copyrights and patents are tangible assets that can be separately identified. Statement 2#-Purchased copyrights and patents are amortized on a straight
Consider the following:
Statement 1#-Copyrights and patents are tangible assets that can be separately identified.
Statement 2#-Purchased copyrights and patents are amortized on a straight line basis over 30 years.
Which one of these statements is true and why?
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