## Intermediate Accounting (16th Edition)

Published by Wiley

# Chapter 5 - Balance Sheet and Statement of Cash Flows - Review and Practice - Brief Exercises - Page 239: BE5-5

#### Answer

Intangible assets Goodwill $150,000 Add: Patent$220,000 Add: Franchise $130,000 Total intangible assets$500,000

#### Work Step by Step

The total intangible assets equal to: =\$500,000

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.