Knowledge Check 01 Which of the following characteristics describe intangible assets? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) ? Cannot be reported on the balance sheet ? Lack physical substance ? Long-lived 1 Ownership is represented by legal document ? Related costs are expensed as incurred