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Which of the following assets are subject to either amortization, depreciation, or cost recovery? Explain. (If an asset is not eligible for either depreciation or
Which of the following assets are subject to either amortization, depreciation, or cost recovery? Explain. (If an asset is not eligible for either depreciation or amortization select "Neither" and leave the explanation cell blank.) (Click the icon to view the assets.) An automobile held for personal use. Excess amounts paid in a business combination that are attributable to goodwill. Excess amounts paid in a business combination that are attributable to customer lists that have a limited useful life. A patent created internally which has a legal life of 17 years. Land held for investment purposes. A covenant not to compete which is entered into by the buyer and seller of a business
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