in january 2008 sanford corporation purchased a, Financial Accounting

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in january 2008 sanford corporation purchased a

In January, 2008, Sanford Corporation purchased a patent for a new product for $1,200,000. The patent was valid for fifteen years but it was estimated to have a useful life of ten years. During 2013 the product was permanently removed from the market due to a government order. What amount should Sanford charge to expense during 2013?
A. $800,000
B. $600,000
C. $120,000
D. $80,000

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Financial Accounting: in january 2008 sanford corporation purchased a

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