36 Not yet answered Points out of 3.50 Flag question Thompson Company incurred research and development costs of $100,000 and legal fees of $40,000 to acquire a patent. The patent was approved on January 1 and has a useful life of 10 years. What amount should Thompson record as Patent Amortization Expense on December 31? Select one: a. $ 0. b. $4,000. c. $ 10,000. d. $14,000