On January 1, 2017, Grand Haven, Inc., reports net assets of $933,450 although equipment (with a four-year remaining life) having a book value of $530,000 is worth $614,250 and an unrecorded patent is valued at $46,350. Van Buren Corporation pays $851,240 on that date to acquire an 80 percent equity ownership in Grand Haven. If the patent has a remaining life of nine years, at what amount should the patent be reported on Van Buren's consolidated balance sheet at December 31, 2018?