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Alinara [238K]
3 years ago
10

The general ledger of Sandhill Corporation as of December 31, 2021, includes the following accounts: Copyrights $ 58000 Deposits

with advertising agency (will be used to promote goodwill) 35000 Discount on bonds payable 78000 Excess of cost over fair value of identifiable net assets of Acquired subsidiary 560000 Trademarks 69000 In the preparation of Sandhill's balance sheet as of December 31, 2021, what should be reported as total intangible assets
Business
1 answer:
Dafna1 [17]3 years ago
5 0

Answer:

$687,000

Explanation:

Intangible Assets are identifiable assets of a non-monetary asset  and without physical substance. Intangible assets include trademarks, copyrights and goodwill that is acquired.

Important to note that Internally generated Goodwill  is not defined as an assets. Thus, deposits with advertising agency of $35,000 are not included within tangible assets

<u>Calculation of Total Intangible Assets will be :</u>

Intangible Assets Calculation = (Copyrights) $ 58,000  + (Goodwill Acquired) $560,000 + (Trademarks) $69,000

                                                 = $687,000

Therefore,

Sandhill's balance sheet as of December 31, 2021 should report total intangible assets of $687,000

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(i) $14,000

(ii) $32,000

(iii) $10,000

Explanation:

Cost of the machine that is recorded in the books of accounts is the total cost incurred to make the machine useful and useable.

Cost for each machine:

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Therefore,

Cost of Machine A = 11,000 + 500 + 2,500

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on november 1, 2021, aviation training corp. borrows $60,000 cash from community savings and loan. aviation training signs a thr
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Explanation:

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3 years ago
Marguerite had been asked by her manager to write a summary of a seminar she had attended. Marguerite’s summary explained that t
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Answer:

language barriers

Explanation:

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Here jargon means unique words which unable to understand by the group of people

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3 years ago
Since she was hired four months ago, Janelle has performed poorly on many aspects of her job. This is likely to be attributed to
elena-s [515]

Answer:

internal causes

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Based on the information provided within the question it can be said that this is most likely to be attributed to internal causes. This term refers to various different attributes within an individual such as their traits, abilities, or even emotional feelings from different events in their lives. These factors are what are most likely affecting Janelle in her new job.

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3 years ago
Read 2 more answers
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