XYZ Corporation purchased a patent on January 1, 2000 for $42,000. The purchase of the patent enabled the company to manufacture, sell, lease, or otherwise benefit from an invention for 12 years (from the date of acquisition). Note: Answer each scenario independently. Scenario 3: XYZ Corporation had use of the patent for five years from January 1, 2000. During the 6th year (in 2005), the company realized that, due to the introduction of more advanced technologies, the economic benefits of the patent would not last longer than ten years from the date of acquisition. 1. On January 1, 2006, what is the value of the company's patent