Response to the following questions:
1. How are intangible assets distinguished from tangible assets? What do they have in common?
2. How are identifiable intangibles distinguished from unidentifiable intangibles?
3. Explain how a company accounts for the cost of identifiable and unidentifiable intangibles.
4. Are all intangible assets amortized? If not, which ones are not? Why?
If possible, please give examples to better understand your response.