Question: Describe the proper accounting for intangible assets, including their presentation and disclosure. Are costs of intangible assets required to be allocated to expense; similar to

Describe the proper accounting for intangible assets, including their presentation and disclosure. Are costs of intangible assets required to be allocated to expense; similar to depreciation? Do intangible assets have a useful life? What is meant by impairment, as related to intangible assets? How do research and development activities differ from intangible assets? How are intangible presented and disclosed?

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