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Name an intangible in a company or industry of your choice. Tell whether it has an identifiable economic life so that its cost is amortized
Name an intangible in a company or industry of your choice. Tell whether it has an identifiable economic life so that its cost is amortized over that useful life. What if intangibles have an indefinite life, what is the proper accounting process for them? Discuss the difference between Natural Resource Assets and Intangible Assets. Give an example of where you would find one of each type of asset.
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