Business, 21.12.2019 03:31 mhortin

Joni kingbird inc. has the following amounts reported in its general ledger at the end of the current year.
organization costs $24,200
trademarks 16,500
discount on bonds payable 37,200
deposits with advertising agency for ads to promote goodwill of company 12,200
excess of cost over fair value of net identifiable assets of acquired subsidiary 77,200
cost of equipment acquired for research and development projects; the equipment has an alternative future use 87,200
costs of developing a secret formula for a product that is expected to be marketed for at least 20 years 83,400
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.

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