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A company purchased a patent for $1,425,000. The useful life is expected to last 20 years. The journal entry to record the amortization expense for

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A company purchased a patent for $1,425,000. The useful life is expected to last 20 years. The journal entry to record the amortization expense for the first year includes OA. A debit to amortization expense for $ 47,500. OB. A debit to accumulated amortization for $71,250 OC. A debit to amortization expense for $71,250 OD. A credit to accumulated amortization for $ 47,500

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