Kaenzig Co. purchased a patent for $12,900,000 on July 2, 20X1. Kaenzig began distributing the product at that time. The company estimates a useful life of 5 years. Legal fees and other costs associated with patent registration totaled $10,000. At its December 31, 20X1 year-end, Kaenzig will

A) Debit Amortization Expense and credit Patent for $1,291,000.
B) Debit Patent and credit Accumulated Amortization - Patent for $2,582,000.
C) Debit Amortization Expense and credit Accumulated Amortization - Patent for $2,580,000.
D) Make no adjusting journal entry.