Given the following account balances at year end, compute the total intangible assets on the balance sheet of Anisha Enterprises.

Cash $1,500,000Accounts Receivable 4,000,000Trademarks 1,000,000Goodwill 4,500,000Research & Development Costs 2,000,000

a. $11,500,000

b. $7,500,000

c. $5,500,000

d. $9,500,000

Option (c) is correct.

Explanation:

Intangible assets refers to the assets which we cannot see and touch.

Goodwill = $4,500,000

Trademarks = $1,000,000

Hence, the total intangible assets on the balance sheet of Anisha Enterprises is as follows:

= Trademarks + Goodwill

= $1,000,000 + $4,500,000

= $5,500,000

Therefore, the total intangible assets is $5,500,000.