Agricultural Solutions, Inc. acquired a Patent from Minier Company on January 1, 2020 for $75,000. The remaining legal life of the Patent is 15 years, but Agricultural Solutions expects to receive benefits from the Patent for only 5 years after which the Patent will have a residual value of $0. Assuming the straight-line method is used, what amount of amortization expense does Agricultural Solutions record in 2020 related to the Patent? O A. $7,500 B. $15,000 C. $5,000 D. $0 - Patents are not amortized