true or false

17. The tax basis of a depreciable asset generally is lower than the book value of that asset for financial reporting purposes. 18. Research and development costs should be capitalized to match the period of benefit. 19. The systematic write-off of intangible assets to expense is called amortization. 20. Amounts spent by Alcot Laboratory on research and development of a new drug are capitalized as an intangible asset, which is amortized over the drug's useful economic life