In January, 2012, Tillicum Corp

question 23

Multiple Choice

In January, 2012, Tillicum Corp.purchased a patent for a new consumer product for $900,000.At the time of purchase, the patent was valid for fifteen years.Due to the competitive nature of the product, however, the patent was estimated to have a useful life of only ten years.During 2017, the product was permanently removed from the market because of a potential health hazard.What amount should Tillicum recognize as an impairment loss for calendar 2017, assuming amortization has been recorded annually using the straight-line method with no residual value?

• A)$600,000
• B)$450,000
• C)$90,000
• D)$60,000

Understand needs assessment approaches and their relevance in planning and evaluating services.

Learn about strategies for organizational and community change, including collaboration, confrontation, and mediation.

Acquire insight into macro practice, including advocacy, policy change, and resource development.

Recognize the importance of core social work values (warmth, empathy, genuineness) across all levels of practice.

---

Definitions:

Progressivism

A political and social-reform movement that sought to improve society by addressing issues stemming from urbanization, industrialization, and corruption.

First World War

The First World War, also known as World War I, was a global conflict that lasted from 1914 to 1918, involving many of the world's great powers and marking significant shifts in political and military landscapes.

American Women

Women in the United States, known for their diverse roles, contributions, and evolving rights and societal status through the country's history.

Treaty of Versailles

The peace treaty that ended World War I, signed in 1919, which imposed heavy reparations and territorial losses on Germany.