The terms of the arrangement require the operator to: Construct a road-completing construction within two years Maintain and operate the road for three years Rosurface the road when the original surface has deteriorated below a specified condition. Tho operator estimates that it will have to undertake the resurfacing at the end of year 4. The government grants the operator the right to collect toll fees from road users, The contract ends in year 5. The operator makes the following estimates: Year Contract Cost Stand-alone selling price Construction Services 1 70 Forecast cost + 10% 2 80 Forecast cost + 20% Operation Services 3-5 25 Forecast cost +30% Road resurfacing 4 15 Forecast cost + 10% Compute the carrying amount of intangible asset at the end of year 2