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Ivanhoe Corporation purchased a limited-life intangible asset for $456000 on May 1, 2016. It has a useful life of 10 years. What total amount of

Ivanhoe Corporation purchased a limited-life intangible asset for $456000 on May 1, 2016. It has a useful life of 10 years. What total amount of amortization expense should have been recorded on the intangible asset by December 31, 2018?

a) $91,200

b) $121,600

c) $136,800

d) 0

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