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1. Please answer all parts and I WILL upvote, thanks you! Joni Sage Hill Inc. has the following amounts reported in its general ledger at
1. Please answer all parts and I WILL upvote, thanks you!
Joni Sage Hill Inc. has the following amounts reported in its general ledger at the end of the current year. Organization costs $22,400 Trademarks 12,900 Discount on bonds payable 35,400 Deposits with advertising agency for ads to promote goodwill of company Excess of cost over fair value of net identifiable assets of acquired subsidiary 10,400 75,400 Cost of equipment acquired fo research and development projects; the equipment has an alternative future use 85,400 Costs of developing a secret formula for a product that is expected to be marketed for at least 20 years 79,800 (a) On the basis of the information above, compute the total amount to be reported by Sage Hill for intangible assets on its balance sheet at year-end. Total amount reported for intangible assets
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