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3. WESTJET is fairly well-known brand name in Canada, yet its not included among the companys intangible assets. Why not? Do you think the WESTJET

3. WESTJET is fairly well-known brand name in Canada, yet its not included among the companys intangible assets. Why not? Do you think the WESTJET brand name should be reported as an asset? What would some of the problems be with recording the brand name as an asset? Can a brand name ever appear as an asset on a balance sheet? Explain how and why?

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