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.