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On January 1, 2019, Sunland Corp. purchased a patent for $366000, which had an estimated useful life of 20 years. In January 2024 , Sunland

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On January 1, 2019, Sunland Corp. purchased a patent for $366000, which had an estimated useful life of 20 years. In January 2024 , Sunland paid $53000 for legal fees in an unsuccessful defense of the patent. It is estimated the patent will be worthless by the end of 2025. The amortization expense for this asset in the 2024 calendar year, should be $21833. 0, the patent is worthless. $18300 $137250

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