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Business, 02.12.2020 16:40 samueldfhung

The difference in testing for impairment of a finite-life versus indefinite-life intangible asset is: Multiple Choice The measure of an impairment loss for an indefinite-life intangible assets is not based on book value. Subsequent recovery of an impairment loss is allowed for a finite-life intangible asset. The cash flow recoverability test is omitted for an indefinite-life intangible asset. Companies are not required to recognize impairment losses on finite-life intangible assets.

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