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If no legal, regulatory, contractual, competitive, economic, or other factors limit the life of an...

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Question

Accounting

If no legal, regulatory, contractual, competitive, economic, or other factors limit the life of an intangible asset, the asset's
assigned value is allocated to expense over which of the following?
Multiple Choice
Indefinitely (no amortization) with an annual impairment review until its life becomes finite
20 years
Infinitely
20 years with an annual impairment review
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