! Required information [The following information applies to the questions displayed below.] On September 30, 2019, Leeds LTD. acquired a patent in conjunction with the purchase of another company. The patent, valued at $6 million, was estimated to have a 10-year life and no residual value. Leeds uses the straight-line method of amortization for intangible assets. At the beginning of January 2021, Leeds successfully defended its patent against infringement. Litigation costs totaled $500,000. 4a. Prepare the journal entry to record the 2021 litigation costs, assuming that Leeds prepares its financial statements according to IFRS. 4b. Calculate amortization for 2021, assuming that Leeds prepares its financial statements according to IFRS. Complete this question by entering your answers in the tabs below.