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6/9/2020Weekly Quiz 5: Attempt review1/3Home/My Courses/ ACCT701-AP1-STACKED-37793-SUMMER2020/ Module 5: June 8 - June 14/ Weekly Quiz 5Question Correct1Mark 1.50 out of1.50Question Correct2Mark 1.50 out of1.50Question Correct3Mark 1.50 out of1.50Started onTuesday, June 9, 2020, 3:43 PMStateFinishedCompleted onTuesday, June 9, 2020, 3:54 PMTime taken10 mins 48 secsGrade15.00out of 15.00 (100%)(T / F) All recorded intangible assets are subject to amortization.Select one:TrueFalse Correct. Only intangible assets with finite useful lives should be amortized.The correct answer is 'False'.(T / F) In calculating depletion, the residual value of acquired land containing an ore deposit is included intotal costs subject to depletion.