assets at the end of the year a. A patent purchased this year from Miller Co. on January 1 for a cash cost of $6,000. When purchased, the patent had an estimated life of 12 years. b. A trademark was registered with the federal government for $4,000. Management estimated that the trademark could be worth as much as $120,000 because it has an indefinite life. c. Computer licensing rights were purchased this year on January 1 for 42,000. The rights are expected to have a six-year useful life to the wary 1. Compute the acquisition cost of each intangible asset. Acquisitlon Cost Patent Trademark Licensing Rights December 31. (Do not round intermediate calculations.) Expenses Patent Trademark Licensing Rights