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Imagine you are the chief financial officer of a company with valuable internally created intangible assets....

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Accounting

Imagine you are the chief financial officer of a company withvaluable internally created intangible assets. Create an argumentsupporting the inclusion of the intangibles on the balance sheet atfair market value. What are the risks and challenges involved inassigning a dollar value to internally created intangibleassets?

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First of all we have to understand that as per GAAP Intangible assets are only recorded in the balance sheet when it is acquired That way the company has an identifiable value for the asset and its lifespan is known si it can amortize the acquired intangible assets and show    See Answer
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