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Joni Windsor Inc. has the following amounts reported in its general ledger at the end of the current year. Organization costs $23,000 Trademarks 14,100 Discount
Joni Windsor Inc. has the following amounts reported in its general ledger at the end of the current year. Organization costs $23,000 Trademarks 14,100 Discount on bonds payable 36,000 Deposits with advertising agency for ads to promote goodwill of company 11,000 Excess of cost over fair value of net identifiable assets of acquired subsidiary 76,000 Cost of equipment acquired for research and development projects; the equipment has an alternative future use 86,000 Costs of developing a secret formula for a product that is expected to be marketed for at least 20 years 81,000 (a) On the basis of the information above, compute the total amount to be reported by Windsor for intangible assets on its balance sheet at year-end. Total
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