3 of 7 View Policies Current Attempt in Progress Which of the following statements is true with respect to intangible assets with indefinite lives? O They should be amortized over a period of 40 years. O They should be expensed to income in the year they are acquired. They should be evaluated each year to determine if there has been any impairment in their value. -/1 1 They are never amortized or written down but remain on the company's balance sheet at their original cost forever. eTextbook and Media Save for Later Attempts: 0 of 3 used Submit A