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Given the Following Account Balances at Year End Compute the Total

question 47

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Given the following account balances at year end compute the total intangible assets on the balance sheet of Janssen Enterprises.  Cash $1,500,000 Accounts Receivable 1,000,000 Trademarks 1,200,000 Goodwill 2,500,000 Research & Development Costs 2,000,000\begin{array} { l r } \text { Cash } & \$ 1,500,000 \\\text { Accounts Receivable } & 1,000,000 \\\text { Trademarks } & 1,200,000 \\\text { Goodwill } & 2,500,000 \\\text { Research \& Development Costs } & 2,000,000\end{array}


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