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What total amount should be reported as intangible assets

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Intangible Assets

An entity reported the following assets at year-end:

Franchise 1,000,000

Computer software 1,500,000

Patent 2,500,000

Customer list 500,000

Copyright 700,000

Deposit with advertising agency to promote goodwill 400,000

Excess cost over fair value of identifiable net assets of acquired associate 1,400,000

Excess of cost over fair value of identifiable net assets of acquired subsidiary 4,000,000

Trademark 900,000

Research and development 2,000,000

Problem 1: What total amount should be reported as intangible assets?

a. 11,100,000

b. 11,500,000

c. 12,500,000

d. 13,100,000

Reference no: EM132839614

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