Question 18 of 20 K

es Ion 8 of 20 View Policies Current Attempt in Progress Pharoah Corporation purchased a patent for $ 123000 on September 1, 2019. It had a useful life of 10 years. On January I, 2021, Pharoah spent $25000 to successfully defend the patent in a lawsuit. Pharoah feels that as of that date, the remaining useful life is 5 years. What amount should be reported for patent amortization expense for 2021? O $24680. O $26320. o $27140. O $21320. Attempts: Oof I used Save for Later Submit Answer