Question 2 1.5 pts Intangible asset which can only be recognized when the company is sold, equal to the amount by which purchase price of a company exceeds the fair value of its net identiable assets is called: 0 Franchise 0 None of the above 0 Copyright 0 Patents 0 Goodwill Question 3 1.5 pts The process of allocating the cost of an intangible asset over a period of time is called: 0 None of the above 0 Depreciation O Depletion O Appreciation O Amortization A company for which income is generated with the resale of bought goods, and where cost of goods is used in record rather than cost of sales, is a O Merchandising company 0 Hybrid organization 0 Service company 0 Manufacturing company 0 None of the above Question 5 1.5 pts Which of the following would most likely employ the Specic Identication method for inventory costing? 0 Hardware store 0 None of the above 0 Jewelry store 0 Gasoline station 0 Grocery store