q21

Which one of the following statements is correct? Select one: a. Long-lived intangible assets are typically listed as Property, Plant, and Equipment b. When the cost of natural resource assets is depreciated, the cost is immediately recognized as depletion expense c. The research costs for a new drug can be capitalized on the balance sheet an intangible asset d. Development costs for new products are expensed unless associated with a feasible product e. All intangible assets are amortized over their useful lives