Prycal Co. merges with InterBuy, Inc., and acquires several different categories of intangible assets including trademarks, a customer list, copyrights on artistic materials, agreements to receive royal¬ ties on leased intellectual property', and unpatented technology.

a. Describe the criteria put forth in SFAS No. 141R for determining whether an intangible asset acquired in a business combination should be separately recognized apart from goodwill.

b. For each of the acquired intangibles listed, identify which recognition criteria (separability and legal/contractual) may or may not apply in recognizing the intangible on the acquiring firm’s financial statements.