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One of the following statements is 14 false * (2 ) All above statements are true o development costs are always expensed as incurred Research

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One of the following statements is 14 false * (2 ) All above statements are true o development costs are always expensed as incurred Research costs are always expensed as incurred Goodwill is an intangible asset that has an indefinite Life Certain development costs are capitalized when it is probable that a development project will generate future economic benefits

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