Intangible Assets: FranchisesFranchises are privileges granted byprivate business or governmentto sell a product or service
Intangible Assets: GoodwillGoodwill ExamplePurchase price paid for$10millionMexana Company$9 millionAssets at market value$1 millionLess: Mexana's liabilities8 millionMarket value of Mexana's net assetsGoodwill$ 2 million
Research and DevelopmentThe cost of research and developmentis expensed as it is incurred
Acquisition Cost of TangibleAssets
Acquisition Cost of Tangible Assets