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Question 3 (5 Marks) A fishing licence was purchased by Thandeka (Pty) Ltd, and the directors of the company are determined to recognise the licence

Question 3 (5 Marks) A fishing licence was purchased by Thandeka (Pty) Ltd, and the directors of the company are determined to recognise the licence as a physical asset as it is written on a paper. Do you agree with the decision made by Thandeka (Pty) Ltd?

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