When SDee Company Bought B

Multiple Choice

When S.Dee Company bought B.Darin Company,the purchase price included a patent valued at $15,000.The patent has 10 years remaining of its legal life,but its estimated useful life to S.Dee Company was only 8 years.The journal entry to record the annual patent amortization would include a:

A) debit to Patent,$1,875.
B) debit to Amortization expense,$1,875.
C) credit to Patent,$1,500.
D) credit to Amortization expense,$1,500.