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Given the following account balances at year end, compute the total intangible assets on the balance sheet of Joyce Enterprises. Cash $1,500,000 Accounts Receivable 1,000,000

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Given the following account balances at year end, compute the total intangible assets on the balance sheet of Joyce Enterprises. Cash $1,500,000 Accounts Receivable 1,000,000 Trademarks 200,000 Copyrights 4,500,000 Research & Development Costs 2,000,000 $8,700,000 $10,700,000. O $6,700,000 O $4,700,000. 24 49 Which of the following expenditures would be considered a revenue expenditure and recorded as an expense in the period it was incurred? Plant asset. O Ordinary repair. O Addition Improvements

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