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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 January 1, 2019. The patents all

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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 January 1, 2019. The patents all of years and a useful life of 10 years a>What is the cost of the patent recognized on January 1, 2017 b) What amount should Green record as Patent Amortization Expense in the first year Note: Do not use a 5. Use commas in numbers: 3,000 not 3000

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