Which of the following is/are not capitalized as an intangible asset?
A)costs of an internally developed patent
B)legal costs to defend a patent successfully
C)goodwill acquired when a company purchases another company
D)costs to purchase a patent
E)none of the above

Question

Quizplus · Accepted Answer

Costs of an internally developed patent are not capitalized as an intangible asset because they are considered research and development costs, which are expensed as incurred under accounting standards.

Which of the Following Is/are Not Capitalized as an Intangible