Question 19

Joni 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.

Total amount reported for intangible assets

$