Fields Laboratories holds a valuable patent (No. 758-6002-1A) on a precipitator that prevents certain types of air pollution. Fields does not manufacture or sell the products and processes it develops. Instead, it conducts research and develops products and processes that it patents, and then assigns the patents to manufacturers on a royalty basis. Occasionally it sells one of its patents. The history of Fields patent number 758-6002-1A is as follows. Date Activity 2011 2012 Research conducted to develop precipitator Jan. 3, 2013 Design and construction of a prototype Mar. 15, 2013 Testing of models Jan. 4, 2014 Fees paid to engineers and lawyers to prepare patent application; patent granted January 4, 2014 Nov. 30, 2015 Engineering activity necessary to advance the design of the precipitator to the manufacturing stage Dec. 31, 2016 Legal fees paid to successfully defend precipitator patent Apr. 15, 2017 Research aimed at modifying the design of the patented precipitator July 31, 2021 Legal fees paid in unsuccessful patent infringement suit against a competitor Cost $364,000 87,400 42,600 62,900 82,500 36,400 37,400 33,500 Fields assumed a useful life of 17 years when it received the initial precipitator patent. On January 1, 2019, it revised its useful life estimate downward to five remaining years. The company's year ends December 31. Fields follows IFRS for reporting purposes. Calculate the carrying value of patent No. 758-6002-1A on December 31, 2014. Carrying value of patent $ e Textbook and Media Calculate the carrying value of patent No. 758-6002-1A on December 31, 2018. Carrying value of patent $ e Textbook and Media Calculate the carrying value of patent No. 758-6002-1A on December 31, 2021. Carrying value of patent $ eTextbook and Media Would your answer differ if ASPE were followed