Exercise 12-3 Joni Hyde Inc. has the following amounts reported in its general ledger at the end of the current year. Organization costs $26,100 Trademarks 21,870 Discount on bonds payable 36,010 Deposits with advertising agency for ads to promote goodwill of company 10,190 Excess of cost over fair value of net identifiable assets of acquired subsidiary 84,840 Cost of equipment acquired for research and development projects; the equipment has an alternative future use 92,160 Costs of developing a secret formula for a product that is expected to be marketed for at least 20 years 89,780 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. Exercise 12-3 Joni Hyde Inc. has the following amounts reported in its general ledger at the end of the current year. Organization costs $26,100 Trademarks 21,870 Discount on bonds payable 36,010 Deposits with advertising agency for ads to promote goodwill of company 10,190 Excess of cost over fair value of net identifiable assets of acquired subsidiary 84,840 Cost of equipment acquired for research and development projects; the equipment has an alternative future use 92,160 Costs of developing a secret formula for a product that is expected to be marketed for at least 20 years 89,780 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