Enviro purchased a patent from another company for $42,000. Although the patent has a remaining 15- year legal life, Enviro believes the patent will produce economic benefits over a maximum of 8 years. As an effect of recognizing amortization, how much will be reported on Enviro's income statement during the first year? Select one: O O O A. $5,250 B. $42,000 C. $2,100 D. $36,750