On March 1, 2022, Entity A purchased a patent for a new drug for $2,000,000. It is estimated that the patent will have a useful life of 8 years though it has a legal life of 10 years. The amount of amortization expense recognized for the year 2022 would be (round to nearest dollar if necessary) O $200.000 O $250,000 O $166.667 $208,333