oni Hyde Inc. has the following amounts reported in its general ledger at the end of the current year. 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. Solution Intangible Assets=Trade Marks+Deposits with advertising agency for ads to promote goodwill of company=19360+11110=30470 .

1. oni Hyde Inc. has the following amounts reported in its general ledger at the end of the current
year.
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.
Organization costs $23,170
Trademarks 19,360
Discount on bonds payable 41,340
Deposits with advertising agency for ads to promote goodwill of company 11,110
Excess of cost over fair value of net identifiable assets of acquired subsidiary 82,210
Cost of equipment acquired for research and development projects; the
equipment has an alternative future use 89,290
Costs of developing a secret formula for a product that is expected to
be marketed for at least 20 years 86,820
Solution
Intangible Assets=Trade Marks+Deposits with advertising agency for ads to promote goodwill of
company=19360+11110=30470