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The general ledger of Crane Corporation as of December 31, 2018, includes the following accounts: Copyrights$49000Deposits with advertising agency (will be used to promote goodwill)26000Discount
The general ledger of Crane Corporation as of December 31, 2018, includes the following accounts:
Copyrights$49000Deposits with advertising agency (will be used to promote goodwill)26000Discount on bonds payable69000Excess of cost over fair value of identifiable net assets ofAcquired subsidiary470000Trademarks77000
In the preparation of Crane's balance sheet as of December 31, 2018, what should be reported as total intangible assets?
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