Amortization Entries Kleen Company acquired patent rights on January 10 of Year 1 for $336,000. The patent has a useful life equal its legal life of eight years. On January 7 of Year 4, Kleen successfully defended the patent in a lawsuit at a cos of $17,000. If required, round your answer to the nearest dollar. a. Determine the patent amortization expense for the Year 4 ended December 31. $ 210,000 X b. Journalize the adjusting entry on December 31 of Year 4 to recognize the amortization. Amortization Expense-Patents Patents 45,400 45,400