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Chris Corporation purchased a limited-life asset for $275,000 on April 1, 2020. If has a useful life of 10 years and a legal life

Chris Corporation purchased a limited-life asset for $275,000 on April 1, 2020. If has a useful life of 10 years and a legal life of 12 years. What total amount of amortization expense should have been recorded on the intangible asset by December 31, 2022? Select one: a. $68,751 O b. $82,500 c. $63,022 d. $75,625

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