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19 June, 15:34

Given the following account balances at year end, compute the total intangible assets on the balance sheet of Anisha Enterprises.

Cash $1,500,000Accounts Receivable 4,000,000Trademarks 1,000,000Goodwill 4,500,000Research & Development Costs 2,000,000

a. $11,500,000

b. $7,500,000

c. $5,500,000

d. $9,500,000

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  1. 19 June, 15:42
    0
    Option (c) is correct.

    Explanation:

    Intangible assets refers to the assets which we cannot see and touch.

    Goodwill = $4,500,000

    Trademarks = $1,000,000

    Hence, the total intangible assets on the balance sheet of Anisha Enterprises is as follows:

    = Trademarks + Goodwill

    = $1,000,000 + $4,500,000

    = $5,500,000

    Therefore, the total intangible assets is $5,500,000.
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