Question: An intangible asset is verted into a tangible asset during the operating cycle. can be classified on the balance sheet because it lacks physical substance.

An intangible asset
is verted into a tangible asset during the operating cycle.
can be classified on the balance sheet because it lacks physical substance.
is wo ess because it has no physical subs nce.
derives its value from the rights and privileges it provides the owner.
An intangible asset is verted into a tangible

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