During 2009,Cabot Machine Company Spent $352,000 on Research and Development

Multiple Choice

During 2009,Cabot Machine Company spent $352,000 on research and development costs for an invention.This invention was patented on January 2,2010,at a nominal cost that was expensed in 2010.The patent has a legal life of 17 years and an estimated useful life of 8 years.In January 2014,Cabot paid $32,000 for legal fees in a successful defense of the patent.Amortization for 2014 should be

A) $2,462.
B) $8,000.
C) $32,000.
D) $52,000.