Oriole Company incurred research and development costs of $$103000$ to develop a patent, and legal fees of $$43000$ to register the patent. The patent has a legal life of $20$ years and a useful life of $10$ years. What amount should Oriole record as Patent Amortization Expense in the first year if the straight$-$line method is used?

$$0$

$$14600$

$$7300$

$$4300$

Attempts: $0$ of $1$ used