Which of me following statements is true regarding the reporting of tangible and intangible assets?...
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Accounting
Which of me following statements is true regarding the reporting of tangible and intangible assets? A . For plant assets cost includes the purchase price and the cost of design and construction B . For intangible assets cost includes the purchase price and development costs C . Due to their indefinite nature intangible assets are not subject to amortization D . The organization must expense any cost incurred in developing a plant asset
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