Question 7 of 9 View Policies Current Attempt in Progress -15 In 2020. Madden Inc. purchased a number of intangible assets from a competitor who was in bankruptcy Madden acquired the following assets: Asset Purchase Cost Trademark $148.000 Customer Est 222.000 Patent 357,000 The following information is also available . The trademark is renewable every 15 years in perpetually, and Madden's management believe that the trademark will continue to have recognized value for marty d . The customer lists are expected to be useful for the next five years . The patent has a remaining legal life of 15 years, but Madder's management expect that technological changes will render it worthless after about six years Calculate the annual amortization expense, if any, that should be recorded for each of these intangible assets, assuming the straight-line method is appropriate. (Do not leave any answer field blank. Enter O for amounts) Asset Trademarks Annual amortization expense