Question: Please help me to answer the requirements with supporting computation 1. How much is patent amortization expense in the 2019 income statement? 2. How much

Please help me to answer the requirements with supporting computation

1. How much is patent amortization expense in the 2019 income statement?

2. How much is the amortization expense for the 2020 income statement assuming the defense was successful?

3. How much is the amortization expense for the 2020 income statement assuming the defense was successful?

Please help me to answer the requirements with

1. The corporation purchased a patent on May 1, 2019 for P216,000. On this date, the patent has a remaining commercial life of eight(8) years. Early in Jan., 2020, P83,600 is paid to settle an infringement suit. How much is patent amortization expense in the 2019 income statement

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