Wildhorse Equipment Company, organized in $2025,$ has these transactions related to intangible assets in that year:

Jan. $2$ Purchased a patent $(5-$year life$)$ $$316,800.$

Apr. $1$ Trademark purchased $($indefinite life$)$ $$351,000.$

July $1$ Acquired.a $9-$year franchise; expiration date July $1,2034,$ $$702,000.$

Sept. $1$ Research and development costs $$180,400.$