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Recording Amortization Dovetail Technologies Company acquired patent rights on January 1 , 2 0 Y 5 , for $ 1 , 5 0 2 ,

Recording Amortization
Dovetail Technologies Company acquired patent rights on January 1,20Y5, for $1,502,500. The patent has a remaining useful life of 12 years. On January 7,20Y6, Dovetail Technologies successfully defended the patent in a lawsuit at a cost of $150,250.
a. Determine the patent amortization expense for the year ended December 31,20Y6. If required, round your answer to nearest whole value.
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