q23 Which of the following is not a requirement for the recognition of an intangible asset? Select one: a. It should ONLY be used by the entity in its productive and administrative processes b. It can be sold separately from the entire business c. It should be identifiable and separable. d. It should be non-monetary and should not have physical substance
q23 Which of the following is not a requirement for the recognition of an intangible asset? Select one: a. It should ONLY be used by the entity in its productive and administrative processes b. It can be sold separately from the entire business c. It should be identifiable and separable. d. It should be non-monetary and should not have physical substance
Chapter11: Long-term Assets
Section: Chapter Questions
Problem 2MC: Which of the following would not be considered an intangible asset? A. goodwill B. patent C....
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q23
Which of the following is not a requirement for the recognition of an intangible asset?
Select one:
a. It should ONLY be used by the entity in its productive and administrative processes
b. It can be sold separately from the entire business
c. It should be identifiable and separable.
d. It should be non-monetary and should not have physical substance
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