Berrie Electric Inc. has the following amounts included in its general ledger at December 31,...

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Berrie Electric Inc. has the following amounts included in its general ledger at December 31, 2020:
Organization costs					$34,000
Purchased trademarks					17,500
Development phase activities (meet all six development phase criteria)					29,000
Deposits with advertising agency for ads to promote goodwill of company					8,000
Excess of cost over fair value of identifiable net assets of acquired subsidiary					81,000
Cost of equipment acquired for research and development projects; the equipment has an alternative future use					125,000
Cost of researching a secret formula for a product that is expected to be marketed for at least 20 years					75,000
Payment for a favourable lease; lease term of 10 years					15,000

Instructions: a) Based on the information provided, calculate the total amount for Berrie to report as intangible assets on its statement of financial position at December 31, 2020. Assume Berrie uses IFRS to prepare its financial statements.







b) If an item should not be included in intangible assets, explain the proper treatment for reporting it.


c) Indicate which amounts might be reported differently if ASPE were followed instead of IFRS.