$($a$)$

Your answer is correct.

Compute the total carrying amount of Cheyenne's patents on its December $31,2024,$ balance sheet. $($Round answer to $0$ decimal piaces,eg$.5,125.)$

Total carrying amount $,$$$,62,106$

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Attempts: $1$ of $3$ used

$($b$)$

Compute the total carrying amount of Cheyenne's patents on its December $31,2025,$ balance sheet. $($Round present value factor calculations to $5$ decimal places, e$.$g$.1\mathrm{.}25124$ and final answer to $O$ decimal places eg$.58,971.)$

Total carrying amount

$

Question $11$ of $13$

$\frac{0\mathrm{.}5}{1}$

Cheyenne Industries has the following patents on its December $31,2024,$ balance sheet.

$\backslash$table$[[$Patent Item,Initial Cost,Date Acquired,Useful Life at Date Acquired$],[$Patent A$,$$$44,268,3/1/21,17$ years$],[$Patent B$,$$$17,040,7/1/22,10$ years$],[$Patent C$,$$$22,560,9/1/23,4$ years$]]$

The following events occurred during the year ended December $31,2025.$

Research and development costs of $$247,000$ were incurred during the year.

Patent D was purchased on July $1$ for $$37,848.$ This patent has a useful life of $9\frac{1}{2}$ years.

As a result of reduced demands for certain products protected by Patent $B,$ a possible impairment of Patent $B\text{'}$s value may have occurred at December $31,2025.$ The controller for Cheyenne estimates the expected future cash flows from Patent $B$ will be as follows.

$\backslash$table$[[$Year$,\backslash$table$[[$Expected Future$],[$Cash Flows$]]],[2026,$$$2,200(**$PLEASE ANSWER ONLY PART B$**.$ I ALREADY SOLVED PART A$.$ THIS IS ALL THE INFORMATION THEY GAVE US$.)$