Which of the following statements is false regarding intangible assets? a. Purchased intangibles are recorded as assets for the amount paid to acquire them. Ob, Intangibles with an indefinite life should be written off to expense when acquired, Oc Intangibles with a finite life should be amortized on a straight-line basis. Od. The cost of Internally developed intangibles should be should be recorded as research and development (R&D) expense