On September 30. 2014, Leeds LTD, acquired a potent in conjunction with the purchase of another company. the patent, valued at $6 million, was estimated to have a 10-year life and no residual value. Leeds uses the straight-line method of authorization for intangible assets. At the beginning of january 2016, Leeds successfully defended its patent against . authorization costs totaled $500.000. Required: Calculate authorization of the potent for 2014 2015. Prepare the journal entry to record the 2016 litigation costs. Calculate authorization for 2016. Repeat requirements 2 and 3 assuming that Leeds prepares its financial statements according to IFRS