Question: Exercise 12-3 Joni Hyde Inc. has the following amounts reported in its general ledger at the end of the current year. Organization costs $22,750 Trademarks

Exercise 12-3

Joni Hyde Inc. has the following amounts reported in its general ledger at the end of the current year.

Organization costs $22,750
Trademarks 18,710
Discount on bonds payable 41,900
Deposits with advertising agency for ads to promote goodwill of company 12,410
Excess of cost over fair value of net identifiable assets of acquired subsidiary 80,400
Cost of equipment acquired for research and development projects; the
equipment has an alternative future use 94,220
Costs of developing a secret formula for a product that is expected to
be marketed for at least 20 years 85,210

On the basis of this information, compute the total amount to be reported by Hyde for intangible assets on its balance sheet at year-end. Equipment has alternative future use.

Total intangible assets $

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