Now, complete step 2 of the impairment test for each intangible asset. Select whether step 2 of the test is required on the first line. Intangible Asset Net Carrying Value Remaining Life Franchise $858,000 5 years Patent 480,000 3 years Trade name 3,958,000 N/A Total $5,296,000 It does not use a separate accumulated amortization account for the intangible assets (i.e., it deducts the amount of amortization directly from the intangible asset account). SAR's cost of capital is 8%. Manage