Solution-Find what amount be reported as total intangible

Find what amount be reported as total intangible assets

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Reference no: EM132776729

Theledger of James Company on December 31, 2019 included the following:

Deposit with advertising agency (will be used to promote goodwill), P270,000

Bond sinking fund, P700,000

Excess of cost over fair value of identifiable net assets of acquired subsidiary, P3,900,000

Trademark, P900,000

Excess of cost over fair value of identifiable net assets of acquired associate, P1,200,000

Problem 1: On December 31, 2019, what amount should be reported as total intangible assets?

A. P4,800,000

B. P5,070,000

C. P5,100,000

D. P6,300,000

Reference no: EM132776729

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Find what amount be reported as total intangible assets

Reference no: EM132776729

Reference no: EM132776729

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