Joni Hyde Inc has the following amounts reported in its general ledger at the end of the current year Organization costs $23,850 Trademarks 19,710 Discount on bonds payable 41,680 Deposits with advertising agency for ads to promote goodwill of company 10,630 Excess of cost over fair value of net identifiable assets of acquired subsidiary 80,120 Cost of equipment acquired for research and development projects the equipment has an alternative future use 87,360 Costs of developing a secret formula for a product that is expected to be marketed for at least 20 years 84,560 On the basis of this information, compute the total amount to be reported by Hyde for intangible assets on its balance sheet at year end Equipment has alternative future use 1 Total Tangible Asset

Question

Joni Hyde Inc  has the following amounts reported in its general ledger at the end of the current year  Organization costs $23,850 Trademarks 19,710 Discount on bonds payable 41,680 Deposits with advertising agency for ads to promote goodwill of company 10,630 Excess of cost over fair value of net identifiable assets of acquired subsidiary 80,120 Cost of equipment acquired for research and development projects  the equipment has an alternative future use 87,360 Costs of developing a secret formula for a product that is expected to be marketed for at least 20 years 84,560 On the basis of this information, compute the total amount to be reported by Hyde for intangible assets on its balance sheet at year end  Equipment has alternative future use  1  Total Tangible Asset

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Joni Hyde Inc. has the following amounts reported in its general ledger at the end of the current year. Organization costs $23,850 Trademarks 19,710 Discount

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Organization costs		$23,850
Trademarks		19,710
Discount on bonds payable		41,680
Deposits with advertising agency for ads to promote goodwill of company		10,630
Excess of cost over fair value of net identifiable assets of acquired subsidiary		80,120
Cost of equipment acquired for research and development projects; the
equipment has an alternative future use		87,360
Costs of developing a secret formula for a product that is expected to
be marketed for at least 20 years		84,560