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How much amortization expenses should garner inc record

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Problem 1: At the beginning of year 1, Garner, Inc. purchased a patent for ?22,100 that was to be amortized for 17 years. Garner, Inc. incurred legal costs of ?11,400 on July 1 of year 8 to successfully defend the patent. How much amortization expenses should Garner Inc. record in year 8?

a. $2,500

b. $1,971

c. $1,900

d. $1,300

Reference no: EM133012613

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