Daschle LLC Completed Some Research and Development During June of the Current

question 53

Multiple Choice

Daschle LLC completed some research and development during June of the current year. The related costs were $60,000. If Daschle wants to capitalize and amortize the costs as quickly as possible, what is the total amortization amount Daschle may deduct during the current year?

• A)$0
• B)$6,500
• C)$7,000
• D)$12,000
• E)None of the choices are correct.

Explain how selective attention contributes to memory formation and information processing.

Differentiate between explicit and implicit memories, and understand the effects of anterograde amnesia on these memory types.

Describe the two types of explicit memory and provide real-life examples for each.

Understand the levels of processing model, including maintenance and elaborative rehearsal strategies.

---

Definitions:

Economic Profits

Profits that exceed the opportunity costs of all resources used by a firm, including both explicit and implicit costs.

Accounting Profits

The financial gain calculated by subtracting total explicit costs from total revenue, as recorded in the financial statements.

Explicit Costs

Costs that involve direct monetary payment by a business to purchase or maintain resources.

Usury Law

Legal regulations that set maximum interest rates that can be charged on loans to protect consumers against excessively high rates.