Organization costs
$23,500
Trademarks
15,100
Discount on bonds payable
36,500
Deposits with advertising agency for ads to promote goodwill of company
11,500
Excess of cost over fair value of net identifiable assets of acquired subsidiary
76,500
Cost of equipment acquired for research and development projects;
the equipment has an alternative future use
86,500
Costs of developing a secret formula for a product that is expected
to be marketed for at least 20 years
82,000
(a) On the basis of the information above, compute the total amount to be reported by Sage Hill for intangible assets on its balance
sheet at year-end.
Total amount reported for intangible assets
$
