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Gemini Group acquired a patent for $22,000. Its useful life is expected to be 10 years. What is the yearly amortization journal entry for this

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Gemini Group acquired a patent for $22,000. Its useful life is expected to be 10 years. What is the yearly amortization journal entry for this patent? 1,200 1,200 2,000 20,000 O Amortization Expense Patents O Amortization Expense Patents O Amortization Expense Patents O Amortization Expense Patents 22,000 22,000 2,200 2,200

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