Question: I need assistance with this general accounting question using appropriate principles. In January 2010, the Remy Corporation purchased a patent for $231,000 from Nel Company

I need assistance with this general accounting question using appropriate principles.

I need assistance with this general accounting
In January 2010, the Remy Corporation purchased a patent for $231,000 from Nel Company that had a remaining legal life of 14 years. Remy estimated that the remaining economic life would be seven years. In January 2014, the company incurred $30,000 in legal costs to defend the patent from an infringement. Remy's lawyers were successful, and the remaining years of benefit from the patent were estimated to be six years. What is the patent amortization expense for 2014

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