QUESTION 22 Your company pays $620,000 for a patent that has 10 years remaining. Each year, your company should: A. report no Amortization Expense because patents are not subject to amortization B. debit Intangible assets and credit Accumulated Amortization for an amount equal to 20% of book value. C. debit Amortization Expense for $62,000 and credit Accumulated Depreciation for $62,000. D. debit Amortization expense for $62,000 and credit Patent or Accumulated Amortization for $62,000. QUESTION 23