The journal entry to record amortization expense on a patent is: Patent Amortization Expense Amortization Expense Patent Accumulated Amortization Amortization Expense Amortization Expense Accumulated Amortization Which of the following is correct? Research and development costs are depreciated over their estimated useful life Research and development costs are expensed immediately Research and development costs are amortized over their estimated useful life None of the answers are correct Goodwill is recorded only when an entire business is purchased and the price paid exceeds the fair market value of all of the assets never when the company receives excellent press coverage when the company produces a new, unique product Retum on assets is computed as net income / average total assets average total assets / net income O net income / accumulated depreciation total Property, Plant, and Equipment/accumulated depreciation