Queron Answer saved Marked out of 333 P. Flag question Computing Subsequent Carrying amount of Patents In January 2020, Ford Co purchased a patent from a research institution for $400,000. The patent was estimated to have a useful life of 12 years. In December 2001, Ford Co. defended the patent in legal proceedings and successfully retained rights of ownership of the potent. The estimated fe of the patent did not change from its original estimate. Legal expenses were $32,000, Determine the carrying value of the patent on December 31, 2021 Note: Carry all decimals in calculations: round the final answer to the nearest dollar Next Save Answers