1) In an exchange of non-monetary assets in which there is commercial substance, the asset received will always be valued at the fair value of the asset given up regardless of whether boot is involved. (True/False) 2) The straight-line method is most often used to compute depletion expense. (True/False) 3) Limited-life intangibles are amortized over their useful life or economic life whichever is shorter. (True/False) 4) 8) A successful defense of a patent is accounted for as a capitalized expenditure. (True/False) 5) 9) Conservatism would allow the recognition of a loss on the sale of a plant asset but would not allow the recognition of a gain. (True/False) 6) 10) In all methods of depreciation acceptable by GAAP, salvage value is subtracted in determining annual depreciation expense. (True/False)