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Determine the amount to be recognized as intangible assets

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Reference no: EM132719821

Question - Determine the amount to be recognized as intangible assets from the following data:

Deposits with advertising agency which will be used to promote goodwill P45,000

Excess of cost over net assets of purchased subsidiary 400,000

Franchise to operate a local fast food 100,000

Marketing costs of introducing new Products 150,000

Organization costs 50,000

Patents 244,000

Research and development costs expected to benefit future periods 420,000

Research and development costs not expected to benefit future periods 300,000

Unamortized bond discount 155,000

Reference no: EM132719821

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