ulTeE 8P Incorrect for the work you have completed so for. It does not indicate comple Re Required information (The following information applies to the questions displayed below) Bethany incurred $31,500 in research and experimental costs for developing a specialized product during July of year 1 Bethany went through a lot of trouble and spent $16,000 in legal fees to receive a patent for the product in August of year 3. Bethany expects the patent to have a remaining useful life of 10 years. (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount) b. How much patent amortization expense would Bethany deduct in year 3, assuming she elected to amortize the researcdh experimental costs over 60 months? Deductible patent amoriza s 13,125 expense K Prey 6 7 of 14Next>