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(###16)No chat gpt answers & don't copy from chegg or else I'll give 5 downvotes...

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Accounting

(###16)No chat gpt answers & don't copy from chegg or else I'll give 5 downvotes
A company acquires a patent with a legal life of 20 years but expects a useful life of only 8 years.
The company also incurred $20,000 in legal costs to defend the patent.
How should these costs be accounted for?
A) The patent and legal costs should both be expensed immediately
B) The patent should be amortized over 20 years, and legal costs expensed immediately
C) The patent should be amortized over 8 years, and legal costs expensed immediately
D) The patent should be amortized over 8 years, and legal costs capitalized

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