Data for the computation of total intangible assets follow Deposits with advertising agency which will be used to promote goodwill P 45,000 Organization costs 50,000 Unamortized bond discount 155,000 Patents 244,000 Franchise to operate in Cebu 100,000 Marketing costs of introducing new products 15...

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Data for the computation of total intangible assets follow: Deposits with advertising agency which will be used

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Data for the computation of total intangible assets follow:

Deposits with advertising agency which will be used to promote goodwill

45,000

Organization costs

50,000

Unamortized bond discount

155,000

Patents

244,000

Franchise to operate in Cebu

100,000

Marketing costs of introducing new products

150,000

Research and development costs expected to benefit future periods

420,000

What is the correct total cost of the intangible assets?

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Intermediate Accounting IFRS Edition

ISBN: 9781118443965

2nd Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Posted Date: May 10, 2024 10:39 AM

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Data for the computation of total intangible assets follow: Deposits with advertising agency which will be used

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