Intermediate Accounting (16th Edition)

Published by Wiley
ISBN 10: 1118743202
ISBN 13: 978-1-11874-320-1

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
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