1. Discuss the valuation of patents: (a) When purchased. (b) When developed within the plant. (c) Patents purchased but not used.
2. What elements of depreciation are effective on patents? In what way?
3. What items enter into the cost of patents?
4. How may the life of basic patents be indefinitely extended?
5. What is the basis of valuation for:
- (a) Copyrights?
- (b) Trade secrets?
- (c) Trade-marks?
6. Discuss the commercial valuation of franchises as distinguished from the valuation allowed by public service boards.
7. How should organization expenses be handled and valued?
8. Define good-will and state its characteristics. What is its essence?
9. When may good-will be shown on the books? Discuss the several cases.