1 You try this question! Tech Inc. is a public company and has a number of accounts and the accountant would like your help in identifying which item are intangible assets. a. State yes or no for each item. For each item state which category the account would be included in. For example CA for current asset, LTI for long-term receivable and long-term receivables, PPE for property, plant and equipment, IA for Intangible Assets etc. List Intangible Assets Classified Franchise Land Patent Note receivable Cash Prepaid expense Equipment Research costs Development costs Inventory Goodwill Tradename Building Accumulated depreciation Annual franchise fee paid Customer lists Investment (we own 30% shares) b. If the company followed ASPE how would your answer for part a change