Ahmad Company purchased a patent on January 1, 2018 for $480,000. The patent had a remaining useful life of 10 years at that date In January of 2019, Ahmad successfully defends the patent at a cost of $216,000, extending the patient's life to 12/31/26 What amount of amortization expense would Ahmad record in 2019? Select one 558,000 $54,000 $48,000 572,000