I need answers for both the questions.

6. Which of the following best describes accounting for intangible assets (other than goodwill) that have an indefinite useful life? (a) They should be amortized in a systematic and rational manner. 3 (b) They should be tested annually for impairment, with any impairment amortized to expense in a systematic and rational manner. (c) They should be carried at fair value on the balance sheet. (d) They should be tested annually for impairment, with any impairment recorded as a loss. 7. P Corporation acquired 60 percent of K Corporation on March 31, year 5 . Because P controls K; it uses the consolidation method for reporting its investment. P should use which of the following for recording its investment in K for internal record keeping? (a) The cost method must be used. (b) The equity method must be used (c) The cost or the equity method may be used. (d) The consolidation method must be used