On January 1 of the Current Year,Dentux Corp

question 74

Multiple Choice

On January 1 of the current year,Dentux Corp.purchases a patent from another corporation for $600,000.The patent has a remaining life of 10 years.The patent is the only asset purchased from that corporation.Also on January 1,Dentux purchases all of the assets of Fenton Corp.Included in the Fenton assets acquired is a patent worth $300,000 that has a 10-year remaining life.What is the allowable amortization deduction on the two patents?

• A)$60,000
• B)$90,000
• C)$80,000
• D)$160,000

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Definitions:

Bipolar Disorder

A mental disorder marked by significant shifts in mood, energy, and activity levels, ranging from depressive lows to manic highs.

Manic Episodes

Periods of abnormally elevated mood, energy, and activity levels, often seen in bipolar disorder.

Automatic Thoughts

Immediate, involuntary thoughts and beliefs that occur spontaneously in response to a stimulus and can influence emotions and behaviors.

Beck's Approach

A cognitive therapy method developed by Aaron Beck, focusing on identifying and changing negative thought patterns to improve emotional states and behaviors.