Which of the Following Statements Regarding Intangible Assets Is NOT

question 97

Multiple Choice

Which of the following statements regarding intangible assets is NOT true?

• A)Intangible assets are long-lived assets with no physical form.
• B)Intangible assets are recorded at their acquisition cost.
• C)Intangible assets with a finite life are not amortized.
• D)Intangible assets with an indefinite life are not amortized.

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