Carrying amount of the intangible assets as of December 31, 2022

On October 1, 2021, Advanced Micro Circuits, Inc., completed the purchase of Zotec Corpora- tion for $200 million. Included in the allocation of the purchase price were the following iden- tifiable intangible assets ($ in millions), along with the fair values and estimated useful lives: Intangible Asset Fair value Useful Life (in years) Patent $10 5 Developed technology 50 4 Customer list 10 2 In addition, the fair value of acquired tangible assets was $100 million. Goodwill was valued at $30 million. Straight-line amortization is used for all purchased intangibles. During 2021, Advanced finished work on a software development project. Development costs incurred after technological feasibility was achieved and before the product release date totaled $2 million. The software was available for release to the general public on September 29, 2021. At that time, the company estimates that the software will generate total revenue of $40 million over four years. For the final three months of 2021, revenue from the sale of the software was $4 million