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At December 31, 2020, Walker Corp.'s general ledger includes the following account balances: Copyrights $50,000 Deposits with advertising agency (will be used to promote goodwill)
At December 31, 2020, Walker Corp.'s general ledger includes the following account balances: Copyrights $50,000 Deposits with advertising agency (will be used to promote goodwill) 32,000 Discounts on bonds payable 72,700 Excess of cost over fair value of identifiable net assets of acquired subsidiary 578,000 Trademarks 102,000 In the preparation of Walker's balance sheet as of December 31, 2020, what should be reported as total intangible assets? 01) $ 578,000 2) $ 762.000 3) $ 152.000 4) $ 802.700
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