Which of the following statements concerning Intangible assets are TRUE? (In your answer, provide the appropriate letter(s) A – E for each statement believed to be true) A. Goodwill can never be recognised B. Only purchased intangibles can be recognised C. Intangibles are amortised over their useful life where the life is finite D. Research expenditure is expensed E. A brand name may be recognised when one business acquires another

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