CC Transport owns and operates five delivery vehicles. Which of these is properly treated as a capital expenditure by CC? Repaint company logo on delivery truck. Replace dead battery. Change the motor oil. Rebuilt the engine of one delivery truck to extend its life for 3 more years. 3. Intangible assets are best described by which statement: Are rights, privileges, and competitive advantages to the owner, used in operations, having no physical substance. Include patents, leaseholds, and land improvements. Can be amortized. Are rights, privileges, and competitive advantages to the owner, used in operations, having no physical substance and cannot be amortized. 4. Which of the following statements is false? Under IFRS