1. Customer list - amortization, 2023

2. Developed technology amortization, 2023

3. Goodwill amortization, 2023

4. Software development cost amortization, 2023, using percentage-of-revenue method

. . 4:48 44 A Problem 2 On October 1, 2023, an entity completed the purchase of another entity for 200 million. Included in the allocation of the purchase price were the following identifiable assets (in millions), along with their fair values and estimated useful lives: Intangible Asset Patent Developed technology Customer list Fair Value 10 50 10 Useful Life (in Years) 5 4 2 O In addition, the fair value of acquired tangible assets was 100 million. Goodwill was valued at 30 million. Straight-line amortization is used for all purchased intangibles. During 2023, the company finished work on a software development project. Development costs incurred after technological feasibility was achieved and before the product release date totaled 2 million. The software was available for release to the general public on September 29, 2023. During the last three months of the year, revenue from the sale of the software was 4 million. The company estimates that the software will generate an additional 36 million in revenue over the next 45 months