Riverbed Laboratories holds a valuable patent (No. 758-6002-1A) on a precipitator that prevents certain types of air pollution. Riverbed does not manufacture or sell the products and processes it develops. Instead, it conducts research and develops products and processes which it patents, and then assigns the patents to manufacturers on a royalty basis. Occasionally it sells a patent. The history of Riverbed patent number 758-6002-1A is as follows. Date Activity Cost 2016-2017 Research conducted to develop precipitator $360,000 Jan. 2018 Design and construction of a prototype 88,800 March 2018 Testing of models 42,000 Jan. 2019 Fees paid engineers and lawyers to prepare patent application; patent granted June 30, 2019 62,900 Nov. 2020 Engineering activity necessary to advance the design of the precipitator to the manufacturing stage 95,000 Dec. 2021 Legal fees paid to successfully defend precipitator patent 42,000 April 2022 Research aimed at modifying the design of the patented precipitator 75,200 July 2026 Legal fees paid in unsuccessful patent infringement suit against a competitor 33.000 Riverbed assumed a useful life of 17 years when it received the initial precipitator patent. On January 1, 2024, it revised its useful life estimate downward to 5 remaining years. Amortization is computed for a full year if the cost is incurred prior to July 1, and no amortization for the year if the cost is incurred after June 30. The company's year ends December 31. Compute the carrying value of patent No. 758-6002-1A on each of the following dates: a. December 31, 2019 $ b. December 31, 2023 $ C December 31, 2026 $