Appraisal Economics Inc. has valued the intangible assets of a first aid supplies manufacturer that designs, produces, and distributes burn dressings and other wound care products to first responders, militaries, and providers of industrial and consumer first aid kits around the world. The company was acquired by a private equity firm. Products include burn gels, burn dressings, fire blankets, burn care blankets, antiseptic and antibacterial sprays, creams, and ointments, hydrocortisone-based anti-itch products and other related products. Appraisal Economics valued the trademarks, trade names, patents, and unpatented proprietary technology and manufacturing processes. Typically, customer-related assets are recognized and valued separate from goodwill; however, the company has elected the private company alternative under Accounting Standards Update No. 2014–18.
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