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Which of the following is not an effective strategy for downsizing?
Intangible Assets
Non-physical assets that possess value due to their intellectual or proprietary characteristics, such as patents and trademarks.
Indefinite Lives
Refers to intangible assets that aren't subject to amortization due to their perpetual useful life, such as trademarks or brand names.
Impairment Tested
Impairment testing is the process of evaluating assets to determine if their carrying value exceeds the recoverable amount, indicating a need for impairment charges.
Amortized
The process of gradually writing off the initial cost of an asset over a period according to a fixed plan.
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