Which of the following is NOT a characteristic of intangible assets? They are long-term in nature. They are not financial instruments. They lack physical existence. They are all subject to amortization.
Which of the following is NOT a characteristic of intangible assets? They are long-term in nature. They are not financial instruments. They lack physical existence. They are all subject to amortization.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter12: Intangibles
Section: Chapter Questions
Problem 5GI
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Which of the following is NOT a characteristic of intangible assets?
They are long-term in nature.
They are not financial instruments.
They lack physical existence.
They are all subject to amortization.
![Which of the following is NOT a characteristic of intangible assets?
They are long-term in nature.
They are not financial instruments.
They lack physical existence.
They are all subject to amortization.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2fe633d6-bbbc-40c5-8630-730979739257%2F329d96f8-320b-483b-9af7-9f6a24df2fde%2Fc5lwatc_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Which of the following is NOT a characteristic of intangible assets?
They are long-term in nature.
They are not financial instruments.
They lack physical existence.
They are all subject to amortization.
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