The records of Blair Company show the following: Masthead, purchased from a competitor = 50,000 Costs of marketing research = 30,000 Web site costs, for external use, customers can place orders on the web site = 60,000 Web site costs, for external use, customers cannot place orders on the web site = 40,000 Excess of cost over fair value of identifiable net assets of acquired associate = 100,000 Subsequent expenditures on a recognized trademark = 20,000 How much is the total intangible assets?

The records of Blair Company show the following: Masthead, purchased from a competitor = 50,000 Costs of marketing research = 30,000 Web site costs, for external use, customers can place orders on the web site = 60,000 Web site costs, for external use, customers cannot place orders on the web site = 40,000 Excess of cost over fair value of identifiable net assets of acquired associate = 100,000 Subsequent expenditures on a recognized trademark = 20,000 How much is the total intangible assets?

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

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 7RE

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