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help me compute the carrying value for each dates, thank you! Sarasota Technologies holds a valuable patent (No. 782) for Dance-o-matic, an electronic system that

help me compute the carrying value for each dates, thank you!
Sarasota Technologies holds a valuable patent (No. 782) for Dance-o-matic, an electronic system that provides individualized, interactive dance instruction that also provides real-time feedback. Sarasota does not manufacture or sell the products and processes it develops. Instead, it conducts research and develops products and processes which it patents, and then assigns the patents to manufacturers on a royalty basis. Occasionally it sells a patent. The history of Sarasota's patent number 782 is as follows: Date 2016- 2017 Oct 2018 Feb 2019 Aug 2019 Mar 2020 July 2021 Oct 2023 Jan 2026 Activity Research conducted to develop Dance-o-matic Design and construction of prototype Testing of models Costs (engineering and legal fees) associated with patent application; patent granted September 30, 2019 Engineering activity to advance the prototype to the manufacturing stage Legal fees paid in unsuccessful attempt to broaden the patent's coverage Research and development activity to advance the real-time feedback component Legal fees paid to successfully defend the patent against a competitor Cost $549,000 213,000 66,100 54,600 261,000 22,800 168,000 20,400 Sarasota assumed a useful life of 14 years when it received the initial patent. On January 1, 2024, it revised its useful life estimate downward to 6 remaining years. Amortization is computed for a full year if the cost is incurred prior to July 1, and no amortization for the year if the cost is incurred after June 30. The company's year ends December 31. Compute the carrying value of patent No. 782 on each of the following dates:
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Sarasota Technologes holds a valuable potent (No. 782 ) for Dance-0-matic, an electronic system that provides individualized. interactive dance inatruction that aso provides real-time feedback. Sarasota does not manufacture or sell the products and processes it develops. Instead, it conducts research and develops products and processes which it patents, and then assigns the patents to marufacturers on a royalty bosis. Occasionally it vells a patent. The history of Sarasota's potent number 782 is as follow5: Sarmoca abumed a vieful ife of 14 years when it received the initial patent On January 1, 2024, it revised its useful hife estimate downward to 6 remaining years Amortization is computed for a full year if the cost is incurred prior to luly 1 , and no amortization for the wear if the cout is incurred after June 30. The company/s year ends December 31 . Compute the carryine value of patent No. 792 oneach of the following dates: Compute the carrying value of patent No. 782 on each of the following dates: (a) December 31, 2019 (b) December 31, 2023 (c) December 31, 2026

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