Question: Costs generally incurred by a newly established entity include: (a) Preopening costs of a business facility (b) Recipes, secret formulas, models and designs, prototype (c)

Costs generally incurred by a newly established entity include:

(a) Preopening costs of a business facility

(b) Recipes, secret formulas, models and designs, prototype

(c) Training, customer loyalty, and market share

(d) An in-housegenerated accounting software-not for sale.

(e) The design of a pilot plan

(f) Licensing, royalty, and stand-still agreements

(g) Operating and broadcast rights

(h) Goodwill purchased in a business combination

(i) A company-developed patented drug approved for medical use

(j) A license to manufacture a steroid by means of a government grant

(k) Cost of courses taken by management in quality engineering management

(l) A television advertisement that will stimulate the sales in the technology industry

Required: Which of the above items is a cost that is eligible for capitalization as an intangible asset?

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