The costs incurred to defend an intangible right should be capitalized, regardless of whether the defense is successful or not. True or False True False The gain or loss on a normal exchange of nonmonetary assets equals the difference between fair value and book value of the asset given up. True or False True False The costs incurred to defend an intangible right should be capitalized, regardless of whether the defense is successful or not. True or False True False MACRS (modified accelerated cost recovery system) depreciation is equivalent to sum-of-the-years'-digits depreciation. True or False True False