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Aaron is preparing the balance sheet for his company. copyrights and goodwill are the only two assets classified as intangible assets, and each has a full value of $24,000. copyrights also has accumulated amortization of $7,000. how should aaron list this information on the balance sheet

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yourockman9999
List them individually and amortization separately

Answer: The intangible assets will be listed immediately below the fixed assets.

Explanation: The intangible assets of copyrights and goodwill are listed immediately under the fixed assets. The accumulated amortization is a contra-asset account, so it is listed immediately under the associated asset.

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