Question
Which of the following is one of the criteria required to recognize intangible assets? Contractual or other legal rights have been gained. Fair value of
Which of the following is one of the criteria required to recognize intangible assets?
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Contractual or other legal rights have been gained.
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Fair value of the intangible should be more than its book value.
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The intangible cannot be separated from the subsidiary and sold.
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The intangible should have a minimum useful life of 10 years.
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Accounting Principles Volume 1
Authors: Jerry A. Weygandt, Paul D. Kimmel, Donald E. Kieso
11th Edition
1118751752, 978-1118751756
