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Carla Vista Co. purchased a patent from Sandhill Co. for $911,400 on July 1, 2018. Expenditures of $174.930 for successful litigation in defense of the

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Carla Vista Co. purchased a patent from Sandhill Co. for $911,400 on July 1, 2018. Expenditures of $174.930 for successful litigation in defense of the patent were paid on July 1, 2021. Carla Vista estimates that the useful life of the patent will be 20 years from the date of acquisition. Prepare a computation of the carrying amount of the patent at December 31, 2021. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45).) $ Cost of Successful Defense Carrying amount at 7/1/21 Carrying amount at 12/31/21 Amortization 7/1/21 to 12/31/21 Cost of Patent Amortization 7/1/18 to 7/1/21 $ Carrying amount Carla Vista Co, purchased a patent from Sandhill Co. for $911,400 on July 1, 2018. Expenditures of $174.930 for successful litigation in defense of the patent were paid on July 1, 2021. Carla Vista estimates that the useful life of the patent will be 20 years from the date of acquisition. Prepare a computation of the carrying amount of the patent at December 31, 2021. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) $ > > > > $ >

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