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?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The records of Blair Company show the following:
Masthead, purchased from a competitor = 50,000
Costs of
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?
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