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. Klee Company reported the following data at year-end:
| Franchise | P1,000,000 |
| Computer software | 1,500,000 |
| Deferred charges | 100,000 |
| Patent | 2,500,000 |
| Customer list | 500,000 |
| Copyright | 700,000 |
| Deposit with advertising agency to promote goodwill | 400,000 |
| Bond sinking fund | 1,300,000 |
| Goodwill | 4,000,000 |
| Trademark | 900,000 |
| Research and development cost | 2,000,000 |
What total amount should be reported as intangible assets?
1. Klee Company reported the following data at year-end:
| Franchise | P1,000,000 |
| Computer software | 1,500,000 |
| Deferred charges | 100,000 |
| Patent | 2,500,000 |
| Customer list | 500,000 |
| Copyright | 700,000 |
| Deposit with advertising agency to promote goodwill | 400,000 |
| Bond sinking fund | 1,300,000 |
| Goodwill | 4,000,000 |
| Trademark | 900,000 |
| Research and development cost | 2,000,000 |
What total amount should be reported as intangible assets?
P11,100,000
P13,100,000
P11,500,000
P10,600,000
Answer & Explanation
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