n On January 1, 2018, Kelley Company purchased a new patent for $10.200 and started amortizing it over its le gal life of 20 years. At the start of 2021, Kelley estimated that the total useful life of the patent (from acquisition date) was 12 years. Required What should Kelley record as amortization expense on the patent for 2021? b. What is the carrying value of the patent on December 31, 2021? c. Record the entry for amortization in 2021. a