On January 3, Crestfield paid $20,000 for a patent for a game application for cellphones. The patent has a remaining legal life of 10 years. Crestfield thinks that he can sell the application for years before demand for the game ends. On December 31, what journal entry would be needed to record the expense for the first year related to the patent? Select one: a. Debit Depreciation Expense $2,000; credit Accumulated Depreciation $2,000 O b. Debit Depletion Expense $5,000; credit Accumulated Depletion $5,000 O c. Debit Amortization Expense $2,000; credit Accumulated Amortization-Patent $2,000 d. Debit Amortization Expense $5,000; credit Accumulated Amortization-Patent $5,000 O e. Debit Depletion Expense $5,000; credit Accumulated Depletion $5,000 Next page