For Nicholson Company, the Following Information Is Available $\begin{array}{lr}\text { Capitalized leases } & \$ 200,000 \\\text { Trademarks } & 65,000 \\\text { Long-term receivables } & 75,000\end{array}$

Multiple Choice

For Nicholson Company, the following information is available: $\begin{array}{lr}\text { Capitalized leases } & \$ 200,000 \\\text { Trademarks } & 65,000 \\\text { Long-term receivables } & 75,000\end{array}$ In Nicholson's balance sheet, intangible assets should be reported at

A) $65,000.
B) $75,000.
C) $265,000.
D) $275,000.