Question: Question 5 (1 point) Which statement is correct? In the development phase, the six criteria required for capitalization are met. In the development phase, the

Question 5 (1 point) Which statement is correct? In the development phase, the six criteria required for capitalization are met. In the development phase, the mineral site is assessed for commercial viability. In the development phase, the mineral site is assessed for technical viability. In the development phase, the mineral site is ready for mineral production. Question 6 (1 point) Which of the following statements is correct about intangible assets that have an indefinite life span? The asset is expected to continue providing economic benefits for the foreseeable future. The asset has fixed and determinable cash flows. This is an infinite lived asset. Management does not know how long the asset is expected to provide economic benefits

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