A company acquires a patent for $150,000 with a useful life of 10 years. Calculate the annual amortization expense. Discuss the accounting treatment for intangible assets and the impact of amortization on financial statements. Analyze the implications of significant investments in intangible assets, such as patents, trademarks, and goodwill, on the company’s financial performance and valuation. Consider the potential risks associated with intangible assets, such as impairment and changes in market value. How should the company strategically manage its intangible assets to maximize their value and mitigate risks? Discuss the role of periodic reviews and impairment testing in ensuring the accurate reporting and valuation of intangible assets.