Which of the following is FALSE (i.e., NOT correct) regarding 'Indefinite-Lived Intangible Assets'? Intangible Assets identified as 'Indefinite-Lived Intangible Assets' are intangible assets whose useful life cannot be reasonably estimated The quantitative impairment test for 'Indefinite-Lived Intangible Assets' involves two-steps. First the 'Recoverability Test'. Then 'the Fair Value Test' if needed The trade name Coca Cola would be an 'Indefinite-Lived Intangible Asset' Recently companies have been given the option to perform a 'qualitative' assessment to determine whether their 'Indefinite-lived Intangible Assets' have been impaired. IF the qualitative test indicates the asset is NOT impaired, the company does NOT have to continue with any quantitative test