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The asnwer is not 58,000 either!!! Kleen Company acquired patent rights on January 10 of Year 1 for $464,000. The patent has a useful life

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The asnwer is not 58,000 either!!!

Kleen Company acquired patent rights on January 10 of Year 1 for $464,000. The patent has a useful life equal to its legal life of eight years. On January 7 of Year 4, Kleen successfully defended the patent in a lawsuit at a cost of $23,000. If required, round your answer to the nearest dollar. a. Determine the patent amortization expense for the Year 4 ended December 31. $ 4,600 x

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