Do It! Review 9-4 Match the statement with the term most directly associated with it. 1. Rights, privileges, and competitive advantages that result from the ownership of long-lived assets that do not pessess physical substance The allocator, of the cost of an intangible asset to expense in a rational and systematic manner, A nght to sell certain products or services, or use certain trademarks or trade names within a designated geographic area. Costs incurred by a company that often lead to patents or new products. These costs must be expensed as incurred. 2. 3. 5. :The excess of the cost of a company over the fair value of the net assets acquired Click if you would like to Show Work for this questions Open Show Work Amortization Franchise Goodwili Research and Development Costs Intangible Assets