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

Understand the basics of formatting text in business documents, including font size adjustments and using bullet points.

Learn how to modify graphic elements within business documents, including changing colors, making colors transparent, and rotating graphics.

Recognize and apply effective document design principles, such as those related to the professional appearance of business documents.

Understand the functionality of specific Word tools and tabs (such as the Home tab and Picture Tools Format tab) used in creating and editing documents.

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