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?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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