Current Attempt in Progress

On January $1,2024,$ Ivanhoe Co$.$ purchased a patent for $$1932000.$ The patent is being amortized over its remaining legal life of $15$

years expiring on January $1,2039.$ During $2027,$ Ivanhoe determined that the economic benefits of the patent would not last longer

than $10$ years from the date of acquisition. What amount should be reported in the balance sheet for the patent, net of accumulated

amortization, at December $31,2027?$

$$1159200$

$$1416800$

$$1324800$

$$1363765$