Question: Which is not correct regarding GAAP rules for accounting for intangible assets? Companies always capitalize both internally developed intangible assets and purchased intangible assets Companies

Which is not correct regarding GAAP rules for accounting for intangible assets? Companies always capitalize both internally developed intangible assets and purchased intangible assets Companies normally research and development costs Companies normally expense costs which enhance customer awareness of their brands. Intangible assets with indefinite lives are not amortized

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