ELO Corporation Purchased a Patent for $225,000 on September 1

Multiple Choice

ELO Corporation purchased a patent for $225,000 on September 1, 2013. It had a useful life of 10 years. On January 1, 2015, ELO spent $55,000 to successfully defend the patent in a lawsuit. ELO feels that as of that date, the remaining useful life is 5 years. What amount should be reported for patent amortization expense for 2015?

A) $51,500.
B) $50,000.
C) $47,000.
D) $39,000.