The Fallen Company began business early in 2010, when Fallen paid an initial fee of $100, 000 to purchase a franchise.In forming the company, Fallen also spent $11, 000 on legal fees and $4, 500 on accounting fees.During the year, Fallen spent $7, 500 on product development and paid $10, 000 in continuing franchise fees.What amount should Fallen capitalize for intangible assets in 2010?
A)$100, 000
B)$115, 500
C)$123, 000
D)$133, 000

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The Answer of The Fallen Company began business early in 2010, when Fallen paid an initial fee of $100, 000 to purchase a franchise.In forming the company, Fallen also spent $11, 000 on legal fees and $4, 500 on accounting fees.During the year, Fallen spent $7, 500 on product development and paid $10, 000 in continuing franchise fees.What amount should Fallen capitalize for intangible assets in 2010?
A)$100, 000
B)$115, 500
C)$123, 000
D)$133, 000

The Fallen Company Began Business Early in 2010, When Fallen