Compute patent amortization expenses

Reference no: EM1355982

Sony Corporation purchased a patent for $180,000 on September 1, 2006. It had a useful life of 10 years. On January 1, 2008, ELO spent $44,000 to successfully defend the patent in a lawsuit. Sony feels that as of that date, the remaining useful life is 5 years.

What amount should be reported for patent amortization expense for 2008?

Reference no: EM1355982

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