Which of the following intangible assets could not be sold by a business to

Which of the following intangible assets could not be

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43.Which of the following intangible assets could not be sold by a business to raise needed cash for a capital project?a.Patent.b.Copyright.c.Goodwill.d.Brand Name.44.The reason goodwill is sometimes referred to as a master valuation account is because45.Easton Company and Lofton Company were combined in a purchase transaction. Eastonwas able to acquire Lofton at a bargain price. The sum of the market or appraised values of identifiable assets acquired less the fair value of liabilities assumed exceeded the cost to Easton. After revaluing noncurrent assets to zero, there was still some "negative goodwill." Proper accounting treatment by Easton is to report the amount as46.Purchased goodwill should
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12 - 1247.The intangible asset goodwill may bea.capitalized only when purchased.b.capitalized either when purchased or created internally.c.capitalized only when created internally.d.written off directly to retained earnings.48.A loss on impairment of an intangible asset is the difference between the asset’s 49.The recoverability test is used to determine any impairment loss on which of the following types of intangible assets?
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