wyatt Company had four intangible assets at the end of 2018 (end of the fiscal year):

a.	Computer software and Web development technology purchased on January 1, 2018, for $70,000. The technology is expected to have a useful life of four years.
b.	A patent purchased from R. Jay on January 1, 2018, for a cash cost of $6,000. Jay had registered the patent with the Canadian Intellectual Property Office seven years earlier on January 1, 2011. The cost of the patent is amortized over its legal life.
c.	A lease on some property for a five-year term beginning January 1, 2018. The company immediately spent $7,800 cash for long-lived improvements (estimated useful life, eight years; no residual value). At the termination of the lease, there will be no recovery of these improvements.
d.	A trademark that was internally developed and registered with the Canadian government for $13,000 on November 1, 2017. Management decided that the trademark has an indefinite life.

Required:
1.	What is the acquisition cost of each intangible asset?

2.	Compute the amortization of each intangible asset at December 31, 2018. The company does not use contra accounts. (Round the final answers to the nearest whole dollar.)

3-a.	Compute the amount of amortization on the statement of earnings for 2018. (Round the intermediate calculations to nearest dollar amount.)

3-b.	Show how these assets and any related expenses should be reported on the statement of financial position at December 31, 2018, and on the statement of earnings for 2018. (Round the intermediate calculations to nearest dollar amount.)

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