Question

The cost of an intangible asset includes all of the following except

a. purchase price.
b. legal fees.
c. other incidental expenses.
d. all of these are included.

Answer 1

The cost of an intangible asset includes all of the following except purchase price, legal fees, and other incidental expenses. However, the cost of an intangible asset does not include depreciation of goods, materials, and equipment.

Step-by-step explanation:

The cost of an intangible asset includes all of the following except purchase price, legal fees, and other incidental expenses. These costs are a part of the overall cost of acquiring an intangible asset. However, the cost of an intangible asset does not include depreciation of goods, materials, and equipment.