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oni Kingbird Inc. has the following amounts reported in its general ledger at the end of the current year. Organization costs $23,100 Trademarks 14,300 Discount
oni Kingbird Inc. has the following amounts reported in its general ledger at the end of the current year.
Organization costs | $23,100 | |
Trademarks | 14,300 | |
Discount on bonds payable | 36,100 | |
Deposits with advertising agency for ads to promote goodwill of company | 11,100 | |
Excess of cost over fair value of net identifiable assets of acquired subsidiary | 76,100 | |
Cost of equipment acquired for research and development projects; the | ||
equipment has an alternative future use | 86,100 | |
Costs of developing a secret formula for a product that is expected to | ||
be marketed for at least 20 years | 81,200 |
(a) On the basis of this information, compute the total amount to be reported by Kingbird for intangible assets on its balance sheet at year-end.
What is the total amount reported for intangible assets? |
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