Question
Data for the computation of total intangible assets follow: Deposits with advertising agency which will be used to promote goodwill P 45,000 Organization costs 50,000
Data for the computation of total intangible assets follow:
Deposits with advertising agency which will be used to promote goodwill
P
45,000
Organization costs
50,000
Unamortized bond discount
155,000
Patents
244,000
Franchise to operate in Cebu
100,000
Marketing costs of introducing new products
150,000
Research and development costs expected to benefit future periods
420,000
What is the correct total cost of the intangible assets?
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Intermediate Accounting IFRS Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
2nd Edition
1118443969, 978-1118443965
