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Which of the following statements with respect to intangible assets is correct? multiple choice None of the other are correct statements Advertising can be capitalized

Which of the following statements with respect to intangible assets is correct?

multiple choice

  1. None of the other are correct statements
  2. Advertising can be capitalized only when it can be shown to be directly related in increases in sales
  3. Leasehold improvements are cash incentives provided by the Landlord to improve the property
  4. Patents should only be capitalized only when they are purchased from another company
  5. Copyrights have a 20 year life

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