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If an intangible asset with an indefinite life becomes impaired, the asset must be a) written down to cost. b) written down to fair value.
If an intangible asset with an indefinite life becomes impaired, the asset must be
a) written down to cost.
b) written down to fair value.
c) sold at its net realizable value.
d) no adjustment is required and a loss will be recorded when the intangible asset is sold.
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