Joe industry acquired two copyrights during 2020. One Copyright related to the textbook that was developed internally at the cost of $9900. This textbook is estimated to have a useful life of 3 years from September 1st, 2020 the date it was published. The second Copyright ( a history research textbook) was purchased from University Press on December 1st, 2020 for $24,000. This textbook has an indefinite useful life. How should these two copyrights be reported on Joe companies balance sheet as of December 31, 2020.