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Green Company incurred research and development costs of $100,000 and legal fees of $50,000 to acquire a patent on Jatuary 1, 2019. The patent has

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Green Company incurred research and development costs of $100,000 and legal fees of $50,000 to acquire a patent on Jatuary 1, 2019. The patent has a legal life of 20 years and a useful life of 10 years. a) What is the cost of the patent recognized on January 1, 2019? b) What amount should Green record as Patent Amortization Expense in the first year

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