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Which of the following statements regarding the amortization of intangible assets is correct? Both limited-life and indefinite-life intangible assets should not be amortized. Limited-life intangible

  1. Which of the following statements regarding the amortization of intangible assets is correct?

    Both limited-life and indefinite-life intangible assets should not be amortized.

    Limited-life intangible assets should be amortized, but indefinite-life intangible assets should not be amortized.

    Both limited-life and indefinite-life intangible assets should be amortized.

    Limited-life intangible assets should not be amortized, but indefinite-life intangible assets should be amortized.

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