E9-12 Computing and Reporting the Acquisition and Amortization of Three Different [LO6] 39:43 Kreiser Company had three intangible assets at the end of 2014 (end of the accounting year): a. A patent was purchased from J. Miller on January 1, 2014, for a cash cost of $5,595. When purchased, the patent had an estimated life of 15 years. b. A trademark was registered with the federal government for $23,000. 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 on January 1, 2014, for $58,800, The rights are expected to have a four-year useful life to the company. bok ences Required: 1. Compute the acquisition cost of each intangible asset. 38 PA9-2 Computing Acquisition Cost and Recording Depreciation under Three Alternative Methods (L02, LO3) 176 At the beginning of the year, CCZ Corporation bought twee used machines from Pequita Compression incorporated. The machines mediately were overhed, installed, and started operating. Because the machines were different from each other each was recorded separately in the accounts Machine A Machine Machine Cost of the asset 510300 $28550 $22.500 Inson con 1650 2,150 860 Renovation costs priot 14.0 Repairs cher production began 750 by the end of the first year, each machine had been operating 100