Answer the following:

Research costs are capitalized only after technical and commercial feasibility of the asset for sale or for use have been established. True False Question 26 An intangible asset with an indefinite useful life should not be amortized. True False When companies acquire property asset by issuing equity securities, the cost of the asset acquired is measured using the following order of priority (1) Par value of the shares issued, (2) fair value of the shares issues, (3) fair value of the asset received (1) Fair value of the asset received, (2) par value of the shares issued, (3) fair value of the shared issued (1) Fair value of the asset received, (2) fair value of the shares issued, (3) par value of the shared issued (1) Fair value of the shares issued, (2) par value of the shares issued, (3) fair value of the asset received