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Joni Skysong Inc. has the following amounts reported in its general ledger at the end of the current year. Organization costs $22,600 Trademarks 13,300 Discount
Joni Skysong Inc. has the following amounts reported in its general ledger at the end of the current year.
Organization costs | $22,600 | |
Trademarks | 13,300 | |
Discount on bonds payable | 35,600 | |
Deposits with advertising agency for ads to promote goodwill of company | 10,600 | |
Excess of cost over fair value of net identifiable assets of acquired subsidiary | 75,600 | |
Cost of equipment acquired for research and development projects; the equipment has an alternative future use | 85,600 | |
Costs of developing a secret formula for a product that is expected to be marketed for at least 20 years | 80,200 |
(a) On the basis of this information, compute the total amount to be reported by Skysong for intangible assets on its balance sheet at year-end.
Total amount reported for intangible assets | $enter the total dollar amount to be reported for intangible assets |
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