The Melbourne Company acquired several small companies at the end of 2017 and based on the acquisitions, record the following intangibles in its December 31, 2017 balance sheet: Patent P200, 000 Copyright 400 , 000 Trade name 350 , 000 Computer software 100 , 000 Goodwill 900 , 000 The company's accountant determines the patent has an expected life of 10 years and no expected residual value, and that it will generate approximately equal benefits each year. The company expects to use the copyright and trade name for the foreseeable future. The accountant knows that the computer software will be used in the company's 120 sales offices for two more years. On December 31, 2018, there are no indications of impairment of patent and computer software. The following information relates to the other intangible assets: a) Because of the rampant piracy, the copyright is expected to generate cash flows of just P8, 000 per year. b) The trade name is expected to generate cash flows of P15, 000 per year. c) The goodwill is associated with Melbourne's Company reporting unit. The cash flows expected to be generated by the Melbourne's Company reporting unit is P200, 000 per year for the next 25 years. The reporting unit has a carrying amount of P2, 100, 000