Computing Subsequent Carrying Amount of Patents In January 2020. Ford Co. purchased a patent from a research institution for $250,000. The patent was estimated to have a useful life of 15 years. In December 2021 Ford Co defended the patent in legal proceedings and successfully retained rights of ownership of the patent. The estimated life of the patent did not change from its original estimate Legal expenses were $20,000 Determine the carrying value of the patent on December 31, 2021 Note: Carry all decimals in calculations; round the final answer to the nearest dollar, Next a Save Answers