Martin County owned an idle parcel of real estate consisting of land and a factory building. Martin gave title to this really to Hamilton Co as an incentive for Hamilton to establish manufacturing operations in the County. Hamilton paid nothing for this really, which had a fair market value of $250,000 at the date of the grant. Hamilton should record this transaction as Select one O a no journal entry -memo notation only. ob, credit to Revenue - Donation of Asset for $250,000. Occredit to Investments for $250,000. Od credit to Donated Equity for $250,000 In January, Year 11, Ensley Corporation purchased a patent for a new consumer product for $340,000. At the time of purchase, the patent was valid for fifteen years. Due to the competitive nature of the product, however, the patent was estimated to have a useful life of only ten years. During Year 16 the product was permanently removed from the market under governmental order because of a potential health hazard present in the product . What amount should enstey charge to expense during Year 16, assuming amortization is recorded at the end of each year? Select one: O a $560,000 O b. $420,000 OG $84.000 Od $56,000 Oe $840,000