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29 May, 12:15

Match the statement with the term most directly associated with it. 1. choose a termRights, privileges, and competitive advantages that result from the ownership of long-lived assets that do not possess physical substance. 2. choose a termThe allocation of the cost of an intangible asset to expense in a rational and systematic manner. 3. choose a termA right to sell certain products or services, or use certain trademarks or trade names within a designated geographic area. 4. choose a termCosts incurred by a company that often lead to patents or new products. These costs must be expensed as incurred. 5. choose a termThe excess of the cost of a company over the fair value of the net assets required.

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  1. 29 May, 13:06
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    1. Intangible assets.

    2. Amortization.

    3. Franchise.

    4. Research and Development Costs.

    5. Goodwill.

    Explanation:

    1. Intangible assets: Rights, privileges, and competitive advantages that result from the ownership of long-lived assets that do not possess physical substance.

    2. Amortization: The allocation of the cost of an intangible asset to expense in a rational and systematic manner.

    3. Franchise: A right to sell certain products or services, or use certain trademarks or trade names within a designated geographic area.

    4. Research and Development Costs: Costs incurred by a company that often lead to patents or new products. These costs must be expensed as incurred.

    5. Goodwill: The excess of the cost of a company over the fair value of the net assets required.
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