Which one of the following would not be recorded as an intangible asset?
A)Patents
B)Copyrights
C)Internally generated goodwill
D)Franchises

Name: Which one of the following would not be recorded as an intangible asset? A)Patents B)Copyrights C)Internally generated goodwill D)Franchises
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Question

Quizplus · Accepted Answer

While patents, copyrights, and franchises can be recognized as intangible assets, internally generated goodwill cannot be recognized as an intangible asset under generally accepted accounting principles (GAAP).

Which One of the Following Would Not Be Recorded as an Intangible