Match the statement with the term most directly associated with it.
a. Goodwill
b. Intangible assets
c. Development expenses
d. Amortization
e. Franchises
f. Development costs
1. ______ Rights, privileges, and competitive advantages that result from the ownership of longlived assets that do not possess physical substance.
2. ______ The allocation of the cost of an intangible asset to expense in a rational and systematic manner.
3. ______ A right to sell certain products or services, or use certain trademarks or trade names within a designated geographic area.
4. ______ Costs incurred after technological feasibility to complete the development of a new product.
5. ______ The excess of the cost of a company over the fair value of the net assets acquired.
6. ______ Costs incurred after research to bring a new product to a state of technological feasibility.
