During 2018,4M Corporation internally developed a new product called "Silent Velcro". On December 31, 2018 the company was granted a 20-year patent for the product. Due to market competition, 4M estimates the patent to have a useful life of 10 years. The company incurred $2 million of research and development costs during 2018. The patent has a fair market value of 53 million. The company uses a straight-line method to amortize intangible assets. What is 2018 amortization expense related to this patent for 4M Corporation? $ 200.000 $ 150.000 50 $300.000