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Which of the following is not a characteristic of an intangible asset? 1)Its useful life may exceed its legal life. 2)Answer not provided 3)It may

Which of the following is not a characteristic of an intangible asset?

1)Its useful life may exceed its legal life.

2)Answer not provided

3)It may be impaired and written off.

4)It has no physical substance.

5)It may be amortized using the straight-line method.

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