Keisha Co. incurred the following expenditures on internally developed intangible assets Internally developed goodwill 100,000 Brands 230,000 Mastheads 50,000 Publishing titles 100,000 Customer lists 70,000 Keisha incurred P 100,000 additional costs in maintaining the customer lists. The company also treated all the intangible assets with an indefinite useful life. How much is the total carrying amount of the capitalized intangible assets at year-end?
Keisha Co. incurred the following expenditures on internally developed intangible assets Internally developed goodwill 100,000 Brands 230,000 Mastheads 50,000 Publishing titles 100,000 Customer lists 70,000 Keisha incurred P 100,000 additional costs in maintaining the customer lists. The company also treated all the intangible assets with an indefinite useful life. How much is the total carrying amount of the capitalized intangible assets at year-end?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter11: Depreciation, Depletion, Impairment, And Disposal
Section: Chapter Questions
Problem 2RE: Akron Incorporated purchased an asset at the beginning of Year 1 for 375,000. The estimated residual...
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- Keisha Co. incurred the following expenditures on internally developed intangible assets
Internally developed |
100,000 |
Brands |
230,000 |
Mastheads |
50,000 |
Publishing titles |
100,000 |
Customer lists |
70,000 |
Keisha incurred P 100,000 additional costs in maintaining the customer lists. The company also treated all the intangible assets with an indefinite useful life.
How much is the total carrying amount of the capitalized intangible assets at year-end?
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