costs incurred by a company that often lead to patents or new products 337731

1. Match the statement with the term most directly associated with it.

1. The allocation of the cost of a natural resource to expense in a rational and systematic manner.

2. Rights, privileges, and competitive advantages that result from the ownership of long lived assets that do not possess physical substance.

3. An exclusive right granted by the federal government to reproduce and sell an artistic or published work.

4. A right to sell certain products or services or to use certain trademarks or trade names within a designated geographic area.

5. Costs incurred by a company that often lead to patents or new products.

These costs must be expensed as incurred.