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

Goodwill Intangible assets Research and development costs Amortization Franchises i 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.

S: A right to sell certain products or services, or use certain trademarks or trade names within a designated geographic area.

4. Costs incurred by a company that often lead to patents or new products. These costs must be expensed as incurred.

ay The excess of the cost of a company over the fair value of the net assets acquired.