76 77 78 79 exclusive 1. Hale & Carter Company purchased a patent from Inventors-R-Us year which was registered with the government with a 20 right for $500,000. The company believes after 6 years new technology will make the patent useless. How much amortization expense should be recorded each year by Hale & Carter? (Single Choice) * e = (Cost Resid ($200,000 - 9 $40,000 per ye - =