Question 2 of 10 \\( -13.5 \\) Answer the questions ashed about each of the factual situations. (Do not leove ony onswer field blonk Enter ofor amounte) 1. Sunland purchased a patent from Yania Co. for \\( \\$ 1,170,000 \\) on January 1, 2023. The patent is being amortized over its remaining legal life of 10 years, expiring on January 1, 2033. During 2025, Sunland determined that the economic benefits of the patent would not last longer than 6 years from the date of acquisition. What amount should be reported in the balance sheet for the patent, net o accumulated amortization, at December 31,2025 ? The amount to be reported 2. Sunland bought a franchive from Aleander C0. on January 1, 2024, for \\( \\$ 335,000 \\). The carrying amount of the tranchise on Aleander's books on January 1, 2024, was \\( \\$ 335,000 \\). The franchise agreement had an estimated useful life of 30 years. Because sunland must enter a competitive bidding at the end of 2026 , it is unlikely that the tranchise will be retained beyond 2033 . What amount should be amortized for the year ended December 31, 2025? The amount to be amortized 3. On January 1, 2025. Surland incurred organization costs of \\( \\$ 267.500 \\). What amount of organization expense should be reportsd i 2025 ? The amount to be reported is 4. Sunland purchased the license for distribution of a popular consumer product on January 1, 2025, for \\( \\$ 147,000 \\) it is expected thas this product will generate cach flows for an indefinite period of time. The license has an initul term of 5 years but by paying a nominal tee. Surland can renew the license indefintely for waccessive 5 -vear terms. What ansount should be amortized for the yea ended Deceinber 31.2025