Springer Company had three intangible assets at the end of 2017 (end of the accounting year):...

Springer Company had three intangible assets at the end of 2017 (end of the accounting year): a. A copyright purchased on January 1, 2017, for a cash cost of $16,200. The copyright is expected to have a 10-year useful life to Springer. b. Goodwill of $82,000 from the purchase of the Hartford Company on July 1, 2016. c. A patent purchased on January 1, 2016, for $66,000. The inventor had registered the patent with the U.S. Patent Office on January 1, 2012. Required: 1. Compute the acquisition cost of each intangible asset. Copyright Goodwill Patent Acquisition Cost $ 16,200 $ 82,000 $ 66,000 2. Compute the amortization expense of each intangible for the year ended December 31, 2017. The company does not use contra- accounts. (Assume the company uses straight-line method) (Do not round your intermediate calculations.) Amortization Copyright Goodwill Patent