Bluestone Corporation purchases a patent from Silver Company on January 1, 2014, for $28,000. The patent has a remaining legal life of 15 years. Bluestone feels the patent will be useful for 7 years. On July 1, 2016, Bluestone spends $6,000 successfully defending a patent suit. Bluestone feels the patent will be useful until June 30, 2024. What is the amount of amortization in 2016?

Answer

		$1,000
		$2,000
		$4,000
		$5,000