Economics · Intangible Assets
Which of the following items is eligible to be recognised as an intangible asset?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Brand name developed internally by New Designs Co, currently valued at $10 million
- 2$1.5 million spent on training customer service staff expected to increase revenue by $5 million
- 3$3 million paid to acquire the brand name 'Fast Designs'✓
- 4$2 million spent on an advertising campaign expected to increase revenue by $20 million
Correct answer
$3 million paid to acquire the brand name 'Fast Designs'
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