Question 9 "iew Policies Current Attempt in Progress Sheridan Corporation purchased a limited-life intangible asset for $390000 on May 1, 2016, It has a seful lite of 10 yeas Whartotalamount o 2018? hortization experse should have been recorded on the intangble aset by December 31. Question 10 View Policies Current Attempt in Progress Ivanhoe Company incurred research and development costs of $102000 and legal tees of $42000 to acquire a patent. The patent has a legal lite of 20 years and a useful life of 10 years. What amount should Ivanhoe record as Patent Amortization Expernse in the first year