Given the following account balances at year end, compute the total intangible assets on the balance sheet of Kepler Enterprises. $\begin{array}{lr}
\text { Cash } & £ 1,500,000 \
\text { Accounts Receivable } & 4,000,000 \
\text { Trademarks } & 1,000,000 \
\text { Goodwill } & 3,500,000 \
\text { Research Costs } & 2,000,000
\end{array}$

Question

Quizplus · Accepted Answer

Intangible assets include Trademarks (£1,000,000) and Goodwill (£3,500,000), totaling £4,500,000. Research costs are not capitalized as intangible assets.

Given the Following Account Balances at Year End, Compute the Total