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Which of the following statements is correct? a. Amortization and impairment are exclusive concepts. b. Impairment is specific to intangible assets. c. Impairment is a

Which of the following statements is correct?
a. Amortization and impairment are exclusive concepts.
b. Impairment is specific to intangible assets.
c. Impairment is a systematic allocation of the cost of intangible assets.
d.

Countries that have not officially adopted a rule on impairment generally have some form of an equivalent concept.

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