Which of the following is not an intangible asset arising from a government grant?Group of answer choicesGoodwillPatentTrademarkTrade name

Breaking Down the Problem

1. Identify the options given: Goodwill, Patent, Trademark, Trade name.
2. Determine the nature of each option in relation to intangible assets and government grants.

Relevant Concepts

1. Intangible Assets: Non-physical assets that have value, such as patents and trademarks.
2. Government Grants: Financial aid awarded by the government for specific projects, which can sometimes lead to intangible assets.

Analysis and Detail

1. Goodwill: This is an intangible asset that arises when a company acquires another company at a premium over its identifiable assets and liabilities. It is generally not directly linked to government grants.
2. Patent: This is an exclusive right granted for an invention, which can arise from research funded by government grants.
3. Trademark: This is a sign capable of distinguishing the goods or services of one enterprise from those of others and can be developed with support from government initiatives.
4. Trade Name: This refers to the name under which a business operates and can also arise from branding efforts, potentially supported by government grants.

Verify and Summarize

Goodwill is distinct from the other options as it does not arise directly from government grants but rather from mergers and acquisitions. The other options can be considered intangible assets that may result from government support or funding.

Final Answer

Goodwill is not an intangible asset arising from a government grant.