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Bluestone Company had three intangible assets at the end of the current year a A patent purchased his year from Miller Co on January 1 for a cash cost of $6,000 When purchased, he patent had an estimated life of 12 years b. A rademark was registered with the federal govemment for $4,000 Management estmated that he trademark could be worth as much as $120,000 because it has an indefinite life c Computer licensing rights were purchased his year on January 1 Sor $42,000 The rights are expeced to have a six-year usetul lde to the company Required 1. Compute the acquisition cost of each intangible asset Patent rademark Licensing ights 2. Compute the amortization of each intangible for the current year ended December 31 10o not round intermediate calculations.j atent Trademark UicensingF