Wahlberg's year ends on December 31. Wahlberg Inc. purchased a patent on July 1, Year1 for $800,000. The patent has a remaining legal life of 10 years. However, Wahlberg only expects the patent to produce revenues for the next 8 years.

How much amortization expense will Wahlberg report on the income statement for the year ended December 31, Year1, related to this patent?

	a.	none
	b.	100,000
	c.	50,000
	d.	80,000
	e.	160,000