Determine the total intangible assets


Response to the following problem:

Glenda Corporation has the following assets at year-end:

Prepaid rent, $6,000;

Land, $58,000;

Trademarks, $37,000;

Computer software costs, $8,500;

Patents, $13,000;

Inventories, $17,000; and Goodwill, $11,000.

Prepare the intangible assets section of Glenda Corporation's year-end balance sheet.

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Accounting Basics: Determine the total intangible assets
Reference No:- TGS02100101

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