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Which of the following would not be recorded as an intangible asset A. Franchises B. Patents...

Which of the following would not be recorded as an intangible asset

A. Franchises

B. Patents

C. Copyrights

D. Internally generated goodwill

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Answer #1
Which of the following would not be recorded as an intangible asset
Ans: D. Internally generated goodwill
Explanation:- Franchises, patents and copyrights would be recorded as an intangible asset. Self generated i.e. internally generated goodwill would not be recorded as an intangible asset because no cost is incurred on this asset. But purchased goodwill can be recorded as an intangible asset.

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