5) For each of the following statements, indicate whether the statement is true or false; if the statement is false, explain why. a) Intangible assets with a limited useful life are not amortized b) Intangible assets with an indefinite useful life are amortized | c) The service life of an intangible asset is always equal to its legal life d) In recording amortization, Accumulated Amortization is always credited 6) Burger Mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a 5-year service life. In purchasing 100% of the ock of Crispy Taco restaurant chain in early January, Burger Mania allocates $3 million to a patent and $5 million to goodwill. a) For which intangible asset(s) would Burger Mania record amortization expense? b) What is the total amount of amortization expense that would appear on Burger Mania's income statement for this year? c) What journal entry would Burger Mania make to record this year's amortization expense? 7) Orange Company developed a patent internally for its own benefit. It incurred research and development costs totaling $12 million, and legal and filing fees costs paid to a law firm to secure the patent, totaling $2 million. What amount can Orange capitalize as the cost of the patent