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Anna11 [10]
3 years ago
7

Given the following account balances at year-end, compute the total intangible assets on the balance sheet of Ivanhoe Company. C

ash $1300000 Accounts Receivable 1100000 Trademarks 1305000 Goodwill 2930000 Research & Development Costs 2430000 $4235000. $6665000. $11525000. $9095000.
Business
1 answer:
monitta3 years ago
5 0

Answer:

$4,235,500

Explanation:

An intangible asset can be described as an asset that can not be seen physically. That is, it an asset without physical substance. Examples of tangible assets are brand recognition and goodwill, as well as intellectual properties like trademarks, copyrights, and patents.

Based on the definition above, the total intangible assets from the question can be computed as follows:

Total intangible assets = Trademarks + Goodwill = $1,305,500 + 2,930,000 = $4,235,500

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