Answer:
$4,235,500
Explanation:
An intangible asset can be described as an asset that can not be seen physically. That is, it an asset without physical substance. Examples of tangible assets are brand recognition and goodwill, as well as intellectual properties like trademarks, copyrights, and patents.
Based on the definition above, the total intangible assets from the question can be computed as follows:
Total intangible assets = Trademarks + Goodwill = $1,305,500 + 2,930,000 = $4,235,500
