Amortization Expense For each of the following unreiated shouspoos, calculate the annual amorrizaton expense and prepare a joumal entey ie record the expense: b. A patent was acequred on a device desgned by a production worker. Although the cost of the patent to date convoted of so6, 400 in legal fees ing handing the patent applentio the porert shouid be commercally valuabledaring its entire remaining legal life of 18 years and is currently worth 3720,000 . bver the five years perrmits cenewal of the franchise for another fouryears hat an addifional coat determined atienewal)