1.ABC Co. is acquiring XYZ Inc. XYZ has the following intangible assets:

Patent on a product that is deemed to have no useful life $10,000.

Customer list with an observable fair value of $50,000.

A 5-year operating lease with favorable terms having a discounted present value of $8,000.

Identifiable research and development costs of $100,000.

ABC will record how much for acquired Intangible Assets from the purchase of XYZ Inc?

a.$168,000

b.$58,000

c.$158,000

$150,000