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Computing Subsequent Carrying Amount of Patents. in january of Year 1. Ford Co. purchased a patent from a research institution for $250,000. The patent was

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Computing Subsequent Carrying Amount of Patents. in january of Year 1. 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 of Year 2 . Ford Co. defended the patent in legal proceedings and successfully retained rights of ownership of the patent. The est mated life of the patent did not change from its original estimate Legal expenises on Decernber 31 ware 320.000. Determine the (1) amartization for Year 2 , and (2) cartying value of the patent on December 31 of year 2 Note: Round your final answers to the nearest dollor

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