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True or False 1.____ Some intangible assets are not required to be amortized every year. 2.____ Internally created intangibles are recorded at cost. 3.____ Internally

True or False

1.____ Some intangible assets are not required to be amortized every year.

2.____ Internally created intangibles are recorded at cost.

3.____ Internally generated intangible assets are initially recorded at fair value.

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