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How should the cost of intangible assets with indefinite lives be accounted for? They should...

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Accounting

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How should the cost of intangible assets with indefinite lives be accounted for? They should be capitalized as an asset and checked for impairment periodically. They should be amortized over the assets' estimated useful lives, or their legal lives, whichever is shorter They should be amortized over the assets' estimated useful lives, or their legal lives, whichever is longer. They should be expensed at acquisition. eTextbook and Media

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