Prepare a schedule showing the intangibles section of Valen's balance sheet at December 31, 2016.

Valen Company
Intangible Assets Section of Balance Sheet
December 31, 2016
Patent, net (Schedule 1)	$
Franchise from Rink Company, net (Schedule 2)
Intangible assets	$
Schedule 1: Computation of Patent from Lou Company
Cost of patent at date of purchase	$
Amortization of patent for 2015
	$
Amortization of patent for 2016
Patent balance	$
Schedule 2: Computation of Franchise from Rink Company
Cost of franchise at date of purchase	$
Amortization of franchise for 2016
Franchise balance	$

Answer rating: 100% (QA)

Answer 1 Intangible assets section Name of Asset Gross Value 0... View the full answer