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Sunland Company incurred research and development costs of $106000 to develop a patent, and legal fees of $46000 to register the patent. The patent has

Sunland Company incurred research and development costs of $106000 to develop a patent, and legal fees of $46000 to register the patent. The patent has a legal life of 20 years and a useful life of 10 years. What amount should Sunland record as Patent Amortization
Expense in the first year if the straight-line method is used?
0 $0
• $15200
O $4600
• $7600

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