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CullumberCorporation purchased a patent for $406500on September 1, 2019. It had a useful life of10years. On January 1, 2021,Cullumberspent $99300to successfully defend the patent in

CullumberCorporation purchased a patent for $406500on September 1, 2019. It had a useful life of10years. On January 1, 2021,Cullumberspent $99300to successfully defend the patent in a lawsuit.Cullumberfeels that as of that date, the remaining useful life is5years. What amount should be reported for patent amortization expense for 2021?

$84900.

$90320.

$70460.

$93030.

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