12. January 2, 2015, Koll, Inc. purchased a patent for a new consumer product for $800,000. At the time of purchase, the patent was valid for 15 years; however, the patent's useful life was estimated to be only 8 years due to the competitive nature of the product. On January 2, 2019, the product was permanently withdrawn from the market under governmental order because of a potential health hazard in the product. What amount should Koll charge against income during 2019, assuming amortization is recorded at the end of each year? a. $100,000 b. $480,000 c. $560,000 d. $500,000 e. none of the above. 13. On January 1, 2014, Russell Company purchased a copyrisht for 9 600,000, having an estimated useful life of 10 years. In January 2018, Russell Copy for legal fees in a successful defense of the copyright. Copyright amortization expense for the year ended December 31, 2018, should be a. $0. b. $156,250 c. $312,500. d. $187,500 e. None of the above Which of the following legal fees should be capitalized? Legal fees to Legal fees to successfully obtain a copyright defend a trademark No No b. No Yes C. Yes Yes d. Yes No 14. a