the purchase or the potent by Beckham Inc. da PLO2 In January 2020, Ford Co, purchased a patent from a research institution for $250,000. The patent was estimated to have a useful life of 15 years. In December 2021, Ford Co. defended the patent in legal proceedings and suc cessfully retained rights of ownership of the patent. The estimated life of the patent did not change from its origi- nal estimate Legal expenses were $20,000. Determine the carrying value of the patent on December 31, 2021. Brief Evaris ef Exercise 13-24 Computing b ut Carrying amount of Hot See Demo