Examlex
Smokers who switch from regular cigarettes to low-nicotine cigarettes tend to
Goodwill
Goodwill is an intangible asset that arises when a company acquires another for a price higher than the fair value of its net identifiable assets, representing factors like brand reputation or customer relationships.
Identifiable Net Assets
The portion of a company's net assets that can be attributed to specific assets and liabilities, excluding goodwill.
Amortization Period
The length of time over which a company gradually writes off the initial cost of an intangible asset.
Patent
A legal document granted by the government giving an inventor the exclusive right to produce, use, and sell an invention for a certain period of years.
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