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Which of the following assets would be amortized over their useful lives after they are acquired? (check all that apply)

 
 
 
 
 

Patents and Customer Lists are amortized because they have definite lives. Goodwill and Brand name have indefinite lives and are not amortized. Buildings are “depreciated,” not amortized.

 
 
 

Patents and Customer Lists are amortized because they have definite lives. Goodwill and Brand name have indefinite lives and are not amortized. Buildings are “depreciated,” not amortized.

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