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    Intangible asset and depletion

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    Choose the correct answer and explain in one sentence why:

    1. The intangible asset "goodwill:"

    a. represents the management team's assessment of its value to the company.
    b. may arise when one company purchases another company.
    c. arises because the market value of a company's assets is greater than cost.
    d. all of the above are correct.

    2. The principal challenge to calculating depletion is estimating:

    a. the demand for the product.
    b. the quantity of material to be recovered.
    c. the cost of the asset.
    d. the salvage value of the exploration equipment.

    © BrainMass Inc. brainmass.com June 4, 2020, 12:59 am ad1c9bdddf
    https://brainmass.com/business/accounting/intangible-asset--depletion-372399

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    Choose the correct answer and explain in one sentence why:

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