Joni Hyde Inc. has the following amounts reported in its general ledger at the end of the current year. Organization costs $24,000
Trademarks 15,000
Discount on bonds payable 35,000
Deposits with advertising agency
for ads to promote goodwill of company 10,000
Excess of cost over fair value of net
identifiable assets of acquired subsidiary 75,000
Cost of equipment acquired for research
and development projects; the equipment
has an alternative future use 90,000
Costs of developing a secret formula for a
product that is expected to be marketed for
at least 20 years 80,000
On the basis of this information, compute the total amount to be reported by Hyde for intangible assets on its balance sheet at year-end. Equipment has alternative future use.