Write a Memo to clarify where and how each of these items should be accounted for in the financial statements.

Items

Advertising

Computer Equipment used by Accounting & Finance department

Copyright

Customer list that was acquired from a competitor that went out of business

Design charges for new product prototype

Development charges from last year for Product J which began selling in the current year

Equipment used for development of new products

Focus groups ran this year to try out products that are set to launch next year

Goodwill from a recent acquisition

Patent that was purchased two months ago

Rent paid for six months in advance

Research of environmentally friendly "green" materials

Start-up costs to incorporate

Trademark