Question: Help me to answer the requirements with supporting computations 1. How much amortization expense should be reported in the 2019 income statement? 2. How much

Help me to answer the requirements with supporting computations

1. How much amortization expense should be reported in the 2019 income statement?

2. How much amortization expense should be reported in the 2020 income statement?

4. Blade Corporation spent P500,000 for R&D expenses to develop a patent which is registered on Jan. 2, 2017. The company paid P544,000 for legal and other fees to register the patent. On July 1, 2019, the corporation paid an additional P148,800 in successfully defending the patent. On Jan. 1, 2020, the corporation purchased a complimentary patent for P340,000. How much amortization expense should be reported in the 2019 income statement

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