keAssignment/takeAssignmentMain.do?invoker &takeAssignmentsessionLocatoraassignment-take&inprogress false Show Me How Print Item Amortization entries Chart of Accounts Instructions Smith Company acquired patent rights on January 6, 2013, for s940,soo. The patent has a useful life equal to its legal life of nine years. on January 3, 2016 smith successfully defended the patent in a lawsuit at a cost of s40,200. Required: Determine the patent amortization expense for the year ended December 31, 2016. B Journalize the adusting entry to recognize the amortization. Refer to the chart of Accounts for exact wording of account All work saved