How do intangible assets with limited lives compare to those with indefinite lives? Select answer from the options below Intangible assets should have their costs allocated over 20 years. Intangible assets with limited lives should have their costs allocated over their useful lives, while those with indefinite lives would not. Intangible assets with indefinite lives should have their costs allocated over their useful lives, while those with limited lives would not. Both should have their costs expensed in the accounting period in which they were acquired