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

2. _______ The alarea of the price of an intangible ascollection to cost in a rational and also organized manner.

3. _______ A ideal to sell particular products or services, or use specific trademarks or profession names within a designated geographic area.

4. _______ Costs incurred by a firm that regularly cause patents or brand-new assets. These costs need to be expensed as incurred.

You are watching: Match the statement with the term most directly associated with it.

5. _______ The excess of the expense of a company over the fair value of the net assets compelled.


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