Trotman Company had three intangible assets at the end of 2013 (end of the accounting your a. Computer software and Web development technology purchased on January 1, 2012, for $87,000. The technology is expected to have a four-year useful life to the company. b. A patent purchased from Ian Zimmer on January 1, 2013, for a cash cost of $39,000. Zimmer had registered the patent with the U.S. Patent Office five years ago. c. An internally developed trademark registered with the federal government for $22,000 on November 1 2013. Management decided to capitalize the $22,000 as an intangible asset with an indefinite life Required: 1. Compute the acquisition cost of each intangible asset. Acquisition Cost Technology Patent Trademark e amortization of each intangible at December 31, 2013. The company does not use contra 2. Compute the amortization of each intangible at December 31, 2013. The company does not use contra accounts. (Assume the company uses straight-line method.) Amortization Technology Patent Trademark 3. Show how these assets and any related expenses should be reported on the balance sheet and income statement for 2013 TROTMAN COMPANY Income Statement for 2013 (partial) Operating expenses: 20. euucalion.com/ hlm.tpx TROTMAN COMPANY Balance Sheet December 31, 2013 (partial) Intangibles