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Wiley PLUS Assignment Week 2 Exercise 9-4

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Wiley PLUS Assignment Week 2 Exercise 9-4
Correct.
Match the statement with the term most directly associated with it.
Goodwill Amortization
Intangible assets Franchise
Research and development costs
1. Rights, privileges, and competitive advantages that result from the ownership of
long-lived assets that do not possess physical substance.
Intangible assets
2. The allocation of the cost of an intangible asset to expense in a rational and
systematic manner.
Amortization
3. A right to sell certain products or services, or use certain trademarks or trade
names within a designated geographic area.
Franchise
4. Costs incurred by a company that often lead to patents or new products. These
costs must be expensed as incurred.
Research and development
costs
5. The excess of the cost of a company over the fair market value of the net assets
acquired.
Goodwill

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