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  3. exercise 12-3 joni sage hill inc. has the followin

Exercise 12-3 Joni Sage Hill Inc. has the following amounts reported in its general ledger...

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Accounting

Exercise 12-3 Joni Sage Hill Inc. has the following amounts reported in its general ledger at the end of the current year. Organization costs $22,400 Trademarks 12,900 Discount on bonds payable 35,400 Deposits with advertising agency for ads to promote goodwill of company 10,400 Excess of cost over fair value of net identifiable assets of acquired subsidiary 75,400 Cost of equipment acquired for research and development projects; the equipment has an alternative future use 85,400 Costs of developing a secret formula for a product that is expected to be marketed for at least 20 years 79,800 (a) On the basis of this information, compute the total amount to be reported by Sage Hill for intangible assets on its balance sheet at year-end. Total amount reported for intangible assets $

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