The following is a list of items that could be included in the intangible assets section of the statement of financial position: 1. >>$ 4. 5. V V V 8. V V Indicate which items on the list would be reported as intangible assets on the statement of financial position An investment in a subsidiary company 2. Timberland 3. The cost of an engineering activity needed to advance a product's design to the manufacturing stage A lease prepayment (six months of rent paid in advance) The cost of equipment obtained under a capital lease 6. The cost of searching for applications for new research findings 7. Costs incurred in forming a corporation Operating losses incurred in the start-up of a business 9. Training costs incurred in the start-up of a new operation 10. The purchase cost of a franchise 11. Goodwill generated internally 12. The cost of testing in the search for product alternatives 13. Goodwill acquired in the purchase of a business 14. The cost of developing a patent 15. The cost of purchasing a patent from an inventor 16. Legal costs incurred in securing a patent Unrecovered costs of a successful legal suit to protect a patent 18. The cost of conceptual formulation of possible product alteratives The cost of purchasing a copyright Product development costs (All six development phase criteria are met.) Long-term receivables 22. The cost of developing a trademark 23. The cost of purchasing a trademark 24. The cost of an annual update of payroll software A five-year advertising contract for rights of advertising by a top hockey player in Canada Borrowing costs specifically identifiable with an internally developed intangible asset. V 17. 19. V 20 V 21. 25. 26