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Dq1
Intangible Assets
We introduced intangible assets last week, and this week we will study them in more detail. Please define and describe in detail the term intangible asset. What major characteristics differentiate intangible assets from other assets? How is the useful life determined for intangibles?
Dq2
Research and Development Costs
This topic will cover research and development (R & D) costs and how they are accounted for according to GAAP. Please define R & D costs and explain how these are presented in the financial statements of a company.