1.A company acquires a patent for a drug with a remaining legal and useful life of six years on January 1, 2019 for $2460000. The company uses straight-line amortization for patents. On January 2, 2021, a new patent is received for a timed-release version of the same drug. The new patent has a legal and useful life of twenty years. The least amount of amortization that could be recorded in 2021 is

$410000.

$94300.

$111818.

$82000.

2.Crane Company purchased a truck at the beginning of 2020 for $108200. The truck is estimated to have a salvage value of $3200 and a useful life of 115000 miles. It was driven 18000 miles in 2020 and 26000 miles in 2021. What is the depreciation expense for 2020?

$16434

$17437

$40172

$23738