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6/9/2020Weekly Quiz 5: Attempt reviewHome/My Courses/ACCT701-AP1-STACKED-37793-SUMMER2020/Module 5: June 8 - June 14/Weekly Quiz 5QuestionCorrect(T / F) All recorded intangible assets are subject to amortization.1Mark 1.50 out ofStarted onTuesday, June 9, 2020, 3:43 PMStateFinishedCompleted onTuesday, June 9, 2020, 3:54 PMTime taken10 mins 48 secsGrade15.00out of 15.00 (100%)Select one:
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1.50QuestionCorrectMark 1.50 out of1.50(T / F) In calculating depletion, the residual value of acquired land containing an ore deposit is included intotal costs subject to depletion.2TrueFalseCorrect. Only intangible assets with finite useful lives should be amortized.The correct answer is 'False'.