10. Pearl Corporation bought Noodle Bowl Limited at the end of the fscal year. While negotiating the purchase price, Pearl's manag team referred to the following three recent appraisals from independent valuation consultants. Appraised Value Appraisal Method Noodle Bowl brand name $50 million Cash flow model based on observed royalty rates rce540 million Estimate of the replacement cost to recruit and train an equivalent workforoe Favorable lease agreements Cash flow model of the anticipated savings from Noodle Bowl's favorable (below market) $20 million contractually guaranteed rental rates for retail space Required: of the above intangibles is likely to be recorded as a distinct identiflable asset in Pearl Corporation's consolidated financia statement? Which is likely to be recorded as part of goodwill? Explain your reasoning