Match intangibles classifications concepts. Match the statement with the term most directly…

Match intangibles classifications concepts.

Match the statement with the term most directly associated with it.

1. ________Rights, privileges, and competitive advantages that result from the ownership of long-lived 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 slate of technological feasibility.

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