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discuss the basic nature of intangible assets?
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Asked 2/22/2013 11:55:59 AM
Updated 155 days ago|2/18/2024 11:06:43 AM
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User: discuss the basic nature of intangible assets?





Weegy: Basic characteristics of intangibles include the following: 1. They provide benefits to future periods 2. They have no physical substance 3. They convey a right or privilege 4. [ They are relatively long-lived assets ]
Expert answered|xgabriellex|Points 82|

User: how are natural resources and the accounting for such assets different from other tangible and intangible long - lived assets?

Question
Asked 2/22/2013 11:55:59 AM
Updated 155 days ago|2/18/2024 11:06:43 AM
1 Answer/Comment
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Natural resources are unique from other tangible and intangible long-lived assets due to their finite and non-renewable nature, posing challenges in accounting for depletion and conservation efforts.

Added 155 days ago|2/18/2024 11:06:43 AM
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