Question: 2 8 . ) Intangible assets generally must possess some or all of the following: lack of physical substance, degree of uncertainty concerning future benefits,

28 .)

Intangible assets generally must possess some or all of the following: lack of physical substance, degree of uncertainty concerning future benefits, have value only to a given enterprise, have indeterminable lives and be subject to large fluctuations in value because their benefits are based on a competitive advantage.

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TRUE

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FALSE

2 8 . ) Intangible assets generally must possess

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