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The general ledger of Vance Corporation as of December 31, 2021, includes the following accounts: Copyrights $ 60,000 Deposits with advertising agency (will be used
The general ledger of Vance Corporation as of December 31, 2021, includes the following accounts:
Copyrights $ 60,000
Deposits with advertising agency (will be used to promote goodwill) 37,000
Discount on bonds payable 80,000
Excess of cost over fair value of identifiable net assets of
Acquired subsidiary 490,000
Trademarks 100,000
In the preparation of Vance's balance sheet as of December 31, 2021, what should be reported as total intangible assets?
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