Question: 7 How is the fair value allocation of an intangible asset allocated to expense when the asset has no legal, regulatory, contractuat, competitive, economic, or

7

How is the fair value allocation of an intangible asset allocated to expense when the asset has no legal, regulatory, contractuat, competitive, economic, or other factors than limit its life?

Mutiple Choice

Equally over

20

years.

Equally over

40

years.

Equally over

20

years with an annual impairment review.

No amortization, but annually reviewed for impairment and adjusted accordingly.

No amortization over an indefinite period time.

7 How is the fair value allocation of an

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