with solution please

Question 46 2 pts On January 1, 2021. Mighty, Inc, purchased a patent giving it exclusive rights to manufacture a new type of synthetic clothing for P240,000. While the patent had a remaining legal life of 15 years at the time of purchase. Mighty expects the useful life to be only eight more years. In addition, Mighty purchased equipment related to production of the new clothing for P140,000. The equipment has a physical life of 10 years but Mighty plans to use the equipment only over the patent's service life and then sell it for an estimated P20,000. Mighty uses straight- line for all long-term assets. The amount charged to expense in 2021 related to the patent and equipment should be: P31,000. O P38,000. P45,000 O P40,000