Day Company Purchased a Patent on January 1, 2010 for $360,000.The

Multiple Choice

Day Company purchased a patent on January 1, 2010 for $360,000.The patent had a remaining useful life of 10 years at that date.In January of 2011, Day successfully defends the patent at a cost of $162,000, extending the patent's life to 12\31\22.What amount of amortization expense would Kerr record in 2011?

A) $36,000
B) $40,500
C) $43,500
D) $54,000