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Case 6-1
Oscar owns Oscar's Skateboard Shop. He wants to create a Web form to allow users to specify the type of skateboards they would like to buy. This includes the make, model, type and color, and board options. Oscar's skateboards come in Children, Young Adult, and Adult sizes. Oscar's skateboards only come in color, pattern, and themes. He has over 25 makes and models of skateboards.
-Since make and model are normally lists,Oscar should use a ____ tag to specify the lists.
Intangible Assets
Non-physical assets owned by a business, such as patents, trademarks, copyrights, and goodwill, which have economic value due to their rights or advantages in business operations.
Goodwill
An intangible asset that arises when a business is acquired for more than the fair value of its net identifiable assets.
Equity Method
A method of accounting where an investor recognizes its share of the profits and losses of an investee, adjusting the carrying value of its investment accordingly.
Impairment
A permanent reduction in the value of an asset to below its carrying amount, reflecting a decline in its fair value.
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