Bluestone Company had three intangible assets at the end of the current year: a. A patent purchased this year from Miller Co. on January 1 for a cash cost of $3,600. When purchased, the patent had an estimated life of 12 years. b. A trademark was registered with the federal government for $8,000. Management estimated that the trademark could be worth as much as $200,000 because it has an indefinite life. c. Computer licensing rights were purchased this year on January 1 for $90,000. The rights are expected to have a six-year useful life to the company. Required: 1. Compute the acquisition cost of each intangible asset. Patent Trademark Licensing Rights Acquisition Cost $ 3,600 $ 8,000 $ 90,000 2. Compute the amortization of each intangible for the current year ended December 31. (Do not round Intermediate calculations.) Amortization Expenses Patent Trademark Licensing Rights