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Gessner LLC patented a process it developed in the current year. The patent is expected to create benefits for Gessner over a 10-year period. The patent was issued on April 15 th and the legal costs associated with the patent were $43,000. In addition, Gessner had unamortized research expenditures of $15,000 related to the process. What is the total amortization amount Gessner may deduct during the current year?
Define Ourselves
The process by which individuals interpret, perceive, and assign meaning to their own identities, often influenced by social interaction and cultural norms.
Ethnocentrism
The conviction that one's own ethnic group or culture is superior by nature, frequently coupled with bias against different groups.
High Culture
Cultural products and practices considered superior or prestigious in society, often associated with the arts, literature, and intellectual pursuits.
Emile Durkheim
A founding figure in the field of sociology, known for his contributions to social theory, including his studies on social cohesion, religion, and the division of labor.
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