28) Your company pays $620,000 for a patent that has 10 years remaining. Each year, your company should: A) report no Amortization Expense because patents are not subject to amortization. B) debit Amortization Expense for $62,000 and credit Accumulated Depreciation for $62,000. C) debit Intangible assets and credit Accumulated Amortization for an amount equal to 20% of book value. D) debit Amortization expense for $62,000 and credit Patent for $62,000 29) A company acquired property that included land, building and equipment for a total cost of $163,000. The land was appraised at $87,500, the building at $35,000, and the equipment at $52,500. What should be the allocation of the total cost in the accounting records? A) Land $75,000; Building $30,000; Equipment $45,000 B) Land $87,500; Building $35,000, Equipment $52,500 C) Land $81,500, Building $32,600; Equipment $48,900 D) Land $75,000; Building $30,800; Equipment $46,200