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The cost of an intangible asset with an indefinite life should
Commercial Reasonableness
A legal standard that measures the fairness of business practices, actions, or decisions in a commercial context.
Subjective Standard
A benchmark for judgment based on personal opinions, feelings, or tastes, rather than external facts.
Good Faith
An intention to act with honesty, fairness, and integrity in dealings, without seeking to deceive or defraud.
Manifest Agreement
Manifest Agreement refers to a clearly expressed or demonstrated mutual understanding or contract between parties, often requiring no further evidence to prove its existence.
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