On January 2, 2019, Adelphi Company purchased a patent for $235,000 plus
$10,000 in legal fees. On that date, the patent had a remaining legal life of 13 years.
Adelphi Company expects to use the patent for 7 years after which time it will be
worthless. How much is the annual amortization expense for 2019? Round to
nearest whole dollar.
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