Question 20 (1 point) Saved Which of the following statements is true with respect to intangible assets? Goodwill is an intangible asset that is amortized and tested for impairment. Intangible assets should be evaluated each year to determine if there has been any impairment in their value. Intangible assets are amortized over a period of 50 years. Intangible assets are expensed to income in the year they are acquired. Next Page Page 20 of 30