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[ The following information applies to the questions displayed below ] On September 3 0 , 2 0 2 2 . Leeds Limited acquired a

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[The following information applies to the questions displayed below]
On September 30,2022. Leeds Limited acquired a patent in conjunction with the purchase of another company. The patent, valued at $5.8 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 2024, Leeds succer ally defended its patent against infringement. Litigation costs totaled $380,000.
Requlred:
Calculate amortization of the patent for 2022 and 2023.
2 Prepare the journal entry to record the 2024 litigation costs.
Calculate amortization for 2024.
Complete this question by entering your answers in the tabs below.
Req 1
Req 3
Calculate amortization of the patent for 2022 and 2023.
Note: Enter your answers in whole dollars.
\table[[,2022,2023],[Amortization,,]]
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