Question: 1- si- Please discuss the current method used to determine an impairment loss for an intangible asset and explain how losses on impaired intangible assets

1- si- Please discuss the current method used to determine an impairment loss for an intangible asset and explain how losses on impaired intangible assets should be reported in income in just five sentences. 2- Differentiate between a determinable current liability and a contingent liability. Please describe the conditions that should be present for recording a contingent liability in just five sentences

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