TRUE/FALSE C1. Intangible assets derive their value from the right (claim) to receive cash in the future. C2. All research phase and development phase costs are expensed as incurred. C3. Capitalization of research phase costs begins once the project is economically viable. C4. Companies are required to assess the estimated useful life and salvage value of intangible assets at least annually. C5. Impairment testing is conducted annually for both limited-life and indefinite-life intangible assets.