Broadway Corporation Was Granted a Patent on a Product on January

Multiple Choice

Broadway Corporation was granted a patent on a product on January 1, 2000.To protect its patent, the corporation purchased on January 1, 2011 a patent on a competing product which was originally issued on January 10, 2007.Because of its unique plant, Broadway Corporation does not feel the competing patent can be used in producing a product.The cost of the competing patent should be

A) amortized over a maximum period of 20 years.
B) amortized over a maximum period of 16 years.
C) amortized over a maximum period of 9 years.
D) expensed in 2011.