Solution-Compute the total amount to be reported by Windsor

Compute the total amount to be reported by Windsor

Reference no: EM132635377

Question - Joni Windsor Inc. has the following amounts reported in its general ledger at the end of the current year.

Organization costs $23,000

Trademarks 14,100

Discount on bonds payable 36,000

Deposits with advertising agency for ads to promote goodwill of company 11,000

Excess of cost over fair value of net identifiable assets of acquired subsidiary 76,000

Cost of equipment acquired for research and development projects; the equipment has an alternative future use 86,000

Costs of developing a secret formula for a product that is expected to be marketed for at least 20 years 81,000

Required - On the basis of this information, compute the total amount to be reported by Windsor for intangible assets on its balance sheet at year-end.

Reference no: EM132635377

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Compute the total amount to be reported by Windsor

Reference no: EM132635377

Reference no: EM132635377

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