Question 14 of 20 < > Snow Attempt History Current Attempt in Progress Blossom Industries has the following patents on its December 31, 2024, balance sheet. Patent Item Initial Cost Date Acquired Useful Life at Date Acquired Patent A $45,084 3/1/21 17 years Patent B $17,520 7/1/22 10 years Patent C $24,480 9/1/23 4 years The following events occurred during the year ended December 31, 2025. 1. Research and development costs of $251,000 were incurred during the year. 2. Patent D was purchased on July 1 for $46,056. This patent has a useful life of 91/2 years. 3. 0/0.65 E ! As a result of reduced demands for certain products protected by Patent B, a possible impairment of Patent B's value may have occurred at December 31, 2025. The controller for Blossom estimates the expected future cash flows from Patent B will be as follows.