For each of the following unrelated transactions. (1) Timber rights were purchased on a tract of land for $459,800. The timber is estimated at 1,210,000 board feet. During the current year, 74,500 board feet of timber were cut and sold. (2) Costs of $9,000 were incurred on January 1 to obtain a patent. Shorthy thereafter, $24,000 was spent in legal costs to successfully defend the patent ogainst competitors. The patent has an estimated legal life of 12 years (a) Determine the ainount of the amortization expense or depletion for the current year. (d) Amoant of the depletion for the current year - Timber (2) Amount of the amortization for the cirrentyear - Vatent