A local museum just received a donation of two Picasso's from a local collector. The museum intends on showing and never selling these paintings. Assume that the museum has properly reported the receipt, what depreciable life would they use for the reporting of this collectible? (ignore FASB 116 - we are GASB) a. trick question, there is no useful life b. Macrs would require a 20 year life c. Macrs would require a 7 year life d. Macrs would require a 27.5 year life e. Macrs would require a 39 year life