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please help On January 1,202t, Tabitha Designs purchased a patent for $357000 giving it exclusive rights to manufacture a new type of synthetic clothing. While

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On January 1,202t, Tabitha Designs purchased a patent for $357000 giving it exclusive rights to manufacture a new type of synthetic clothing. While the patent had a remaining legal life of 15 years at the time of purchase, Tabitha expects the useful life to be only elght miore years. In addition. Tabitha purchased equipinent related to production of the new dolfing for $153.000. The equipment has o physical life of 10 years. but Tabitha plans to use the equipment only over the patent's sevvice tife ind then sell it for an estimoted 531.000. Tabitha uses straightiline for all long-term assets. The amount to expense in 2024 telated to the patent and cquipinent should bei Mistple Craice 558900 54050 559875

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