135,600 Problem 9-20B Intangible assets LO2,3,6,7 CHECK FIGURES: 2. Accum. Amort, Patent $42,000; Accum. Deprec., Equipment - $70,560, Accum. Deprec., Computer $63,840 RangeStar Telecommunications recently acquired a patent regarding a new telecommunications application. Additional equipment and a computer were purchased to begin making the application available to consumers. Details of the assets follow: Asset Patent Equipment Computer Date of Purchase Feb. 12/2023 Feb. 12/2023 Feb. 12/2023 Cost Est. Residual $210,000 320,600 79,800 Est. Life 20 yrs 56,000 15 yrs 5 yrs The company's year-end is December 31 and it uses the straight-line method for all production assets including intangibles, calculated to the nearest whole month.