Mega Industries has an intangible asset is being amortized over a ten-year time period. However, a competitor has just introduced a new product that will have a serious negative impact on the asset's value. Should the company continue to amortize the intangible asset over the ten-year life? Explain.

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The Answer of Mega Industries has an intangible asset is being amortized over a ten-year time period. However, a competitor has just introduced a new product that will have a serious negative impact on the asset's value. Should the company continue to amortize the intangible asset over the ten-year life? Explain.

Mega Industries Has an Intangible Asset Is Being Amortized Over