Question $3$ of $25$

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A company acquires a patent for a drug with a remaining legal and useful life of six years on January $1,2024,$ for $$3180000.$ The company uses straight$-$line amortization for patents. On January $2,2026,$ a new patent is received for a timed$-$release version of the same drug. The new patent has a legal and useful life of twenty years. The least amount of amortization that could be recorded in $2026$ is

$$530000.$

$$121900.$

$$144545.$

$$106000.$

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