$ 5,800,000 at that time. What amount of loss on impairment of goodwill should Jenks record in 2015?
20) The general ledger of Vance Corporation as of December 31, 2015, includes the following accounts:
Copyrights $ 30,000
Deposits with advertising agency( will be used to promote goodwill) 27,000
Discount on bonds payable 70,000
Excess of cost over fair value of identifiable net assets of Acquired subsidiary 480,000
Trademarks 90,000
In the preparation of Vance ' s balance sheet as of December 31, 2015, what should be reported as total intangible assets?