Question: Recall that many intangible assets are depreciated/amortized. Under both sets of standards, intangible assets with indefinite lives are not subject to a __________ . Instead,

Recall that many intangible assets are depreciated/amortized.

Under both sets of standards, intangible assets with indefinite lives are not subject to a __________ . Instead, intangible assets are tested for impairment annually.

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