Given the following account balances at year end compute the total intangible assets on the balance sheet of Kepler Enterprises. $\begin{array} { l r }
\text { Cash } & \$ 1,500,000 \
\text { Accounts Receivable } & 4,000,000 \
\text { Trademarks } & 1,000,000 \
\text { Goodwill } & 3,000,000 \
\text { Research \& Development Costs } & 2,000,000
\end{array}$
A) $10000000
B) $6000000
C) $4000000
D) $8000000

Question

Given the following account balances at year end compute the total intangible assets on the balance sheet of Kepler Enterprises. $\begin{array} { l r } 
\text { Cash } & \$ 1,500,000 \
\text { Accounts Receivable } & 4,000,000 \
\text { Trademarks } & 1,000,000 \
\text { Goodwill } & 3,000,000 \
\text { Research \& Development Costs } & 2,000,000
\end{array}$
A) $10000000
B) $6000000
C) $4000000
D) $8000000

Quizplus · Accepted Answer

The only intangible asset listed is "Goodwill" for $4,000,000.

Given the Following Account Balances at Year End Compute the Total