Yes that is acceptable, and it is what the EULA is meant to say. It's the only reasonable and fair thing to do in my opinion. I have six computers, but there's only one of me, so I can't be cheating anyone by having it on all my machines. Other companies should take the same view in my opinion.
But this is only as long as they are my computers and under my control and can't be used by anyone else at the same time.
So in effect we're licensing the software to you the person, not tied to a specific computer.
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