Kleen acquired patent nights on January 10 of Year 1 for $464,000. The patent has a useful Iife equa

Kleen acquired patent nights on January 10 of Year 1 for $464,000. The patent has a useful Iife equal to its legal life of eight years. On January 7 of Year 4, Kleen Successfully defended the patent in a lawsuit at cost .000 f required, round your answer to the nearest dollar. a. Determine the patent amortization expense for the Year 4 ended December 31. b. Journalize the adiusting entry on December 31 Year 4 to recognize the amortization. If an amount box does not require an entry, leave it blank.