Costs incurred in the development phase after technological feasibility has been achieved are charged to an intangible asset account. True or False

If bonds are issued at a discount, the interest expenses will increase over the life the bonds. True or False

Issuance price of a bond is the present value of future cash flows discounted at the market interest rate at issuance. True or False

Cost of new tires for a truck are reported on the statement of financial position and would added to the cost of the truck. True or False