Exercise $10-5($Static$)$ Intangibles $[$LO$10-1]$

In $2024,$ Bratten Fitness Company made the following cash purchases:

The exclusive right to manufacture and sell the X$-$Core workout equipment from Symmetry Corporation for $$200,000.$ Symmetry created the unique design for the equipment. Bratten also paid an additional $$10,000$ in legal and filing fees to attorneys to complete the transaction.

An initial fee of $$300,000$ for a three$-$year agreement with Silver$$s Gym to use its name for a new facility in the local area. Silver$$s Gym has locations throughout the country. Bratten is required to pay an additional fee of $$5,000$ for each month it operates under the Silver$$s Gym name, with payments beginning in March $2024.$ Bratten also purchased $$400,000$ of exercise equipment to be placed in the new facility.

The exclusive right to sell Healthy Choice, a book authored by Kent Patterson, for $$25,000.$ The book includes healthy recipes, recommendations for dietary supplements, and natural remedies. Bratten plans to display the book at the check$-$in counter at its new facility, as well as make it available online.