On January 1, 2015 Taylor Drugs, Inc. purchased a patent for a drug from Sunlight Pharmaceuticals for $600,000. Sunlight Pharmaceuticals had already used the patent for 8 years at the time Taylor Drugs, Inc. purchased it. Assuming Taylor Drugs, Inc. plans to use the patent for the full legal life. calculate the amount of amortization expense that Taylor Drugs, Inc. would record each year of the patent's life. O $100.000 O $40.000 O $30,000 -$50,000 O There is not enough information to answer the question