A patent costing $22,500 when acquired on January 2 has a remaining legal life of 10 years and is expected to have value for five years.The cost of mineral rights was $220,000. Of the estimated deposit of 400,000 tons of ore, 24,000 tons were mined and sold during the year.Interest was accrued on the note receivable received on October 17INFO NEEDED FOR j. October 17: Sold office equipment in exchange for $60,000 cash plus receipt of a $40,000, 120-day, 6% note. The equipment had cost $140,000 and had accumulated depreciation of $25,000 as of October 1.