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Which of the following statements about intangible assets is false? a. Research costs should always be expensed. b. If an intangible asset has a finite
Which of the following statements about intangible assets is false?
a.
Research costs should always be expensed.
b.
If an intangible asset has a finite life, it should be amortized.
c.
The amortization period should never be less than 20 years.
d.
Goodwill is recorded only when a business is purchased.
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