EXCEL (Classification Issues-Intangible Assets) Joni Hyde Inc has the following amounts rported in is Ltheeof the current year -3(401,2) EXCEL 24,000 15,000 35,000 10,000 Discount on bonds payable ill of company fair value of net identiable assets of acquired subsidiary Excess of cost over Cost of equipment acquired for research and development projects the equipment has an alternative future use 0,000 Costs of developing a secret formula for a product that is expected to be marketed for at least 20 years 80,000 OP SE YOUR SMARTPHONE FOR .Reviews . Videos .Features 640 Chapter 12 Intangible Assets Instructions (a) On the basis of the information above, compute the total amount to be reported by Hyde for intangible ast o balance sheet at year-end (b) If an item is not to be included in intangible assets, explain its proper treatment for reporting purposes