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Joni Marin Inc. has the following amounts reported in its general ledger at the end of the current year.
Joni Marin Inc. has the following amounts reported in its general ledger at the end of the current year.
Organization costs
$23,300Trademarks
14,700Discount on bonds payable
36,300Deposits with advertising agency for ads to promote goodwill of company
11,300Excess of cost over fair value of net identifiable assets of acquired subsidiary
76,300Cost of equipment acquired for research and development projects; the
equipment has an alternative future use
86,300Costs of developing a secret formula for a product that is expected to
be marketed for at least 20 years
81,600
(a)
On the basis of this information, compute the total amount to be reported by Marin for intangible assets on its balance sheet at year-end.
Total amount reported for intangible assets
$
