A company could change their intention of use for an intangible asset resulting in the asset no longer being considered defensive? If this occurs, what is the impact on the accounting for the intangible asset?

A company could change their intention of use for an intangible asset resulting in the asset no longer being considered defensive? If this occurs, what is the impact on the accounting for the intangible asset?

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter12: Auditing Long-lived Assets And Merger And Acquisition Activity

Section: Chapter Questions

Problem 6RQSC

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