Answered: One of the essential characteristics of…

One of the essential characteristics of an intangible asset a. has physical substance b. subject to amortization c. indefinite useful life d. controlled by the enterprise

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter12: Auditing Long-lived Assets And Merger And Acquisition Activity

Section: Chapter Questions

Problem 3CYBK

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One of the essential characteristics of an intangible asset

a. has physical substance

b. subject to amortization

c. indefinite useful life

d. controlled by the enterprise

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