Question: (a1) Identify which items should be classified as an intangible asset. Reported as Cable television franchises Music copyrights Research and development costs Goodwill Not an

 (a1) Identify which items should be classified as an intangible asset.

(a1) Identify which items should be classified as an intangible asset. Reported as Cable television franchises Music copyrights Research and development costs Goodwill Not an Intangible Asset Intangible Asset Cash Discount on notes payable Accounts receivable Property, plant, and equipment Internet domain name Film contract rights Customer lists Prepaid expenses Covenants not to compete Brand names Notes receivable Investments in affiliated companies Organization costs Land

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