A patent was acquired by Pharoah Corporation on January 1, 2022, for $73,600. The useful life of the patent was estimated to be 10 years and the company plans to use the straight-line method of amortization. Pharoah has a December 31 year-end. At the beginning of 2025, Pharoah spent $13,300 in successfully defending an infringement of the patent. At the beginning of 2026, Pharoah purchased another patent for $26,460 that was expected to prolong the life of its original patent for 5 additional years. (a) (b) (C). Calculate the amortization expense for 2025. Amortization expense $

A patent was acquired by Pharoah Corporation on January 1, 2022, for $73,600. The useful life of the patent was estimated to be 10 years and the company plans to use the straight-line method of amortization. Pharoah has a December 31 year-end. At the beginning of 2025, Pharoah spent $13,300 in successfully defending an infringement of the patent. At the beginning of 2026, Pharoah purchased another patent for $26,460 that was expected to prolong the life of its original patent for 5 additional years. (a) (b) (c) Calculate the amortization expense for 2025. Amortization expense