Which of the following statements is true with respect to intangible assets? Multiple Choice 0 Intangible assets are amortized over a period of 50 years. 0 ) Intangible assets are expensed to income in the year they a 0 ) An intangible asset is recorded at market value when the asset is acquired 0 . Intangible assets should be evo usted each year to determine there has been any C) Poweve. parment in the value 0 Goodwill is an intangible asset that is amortized and tested for impairment