On January 1, 2017, Wren Corp

question 8

Multiple Choice

On January 1, 2017, Wren Corp. purchased a patent for $ 238,000. The patent is being amortized straight-line with no residual value over its remaining legal life of 15 years. At the beginning of 2020, however, Wren determined that the economic benefits of the patent would not last longer than ten years from the date of acquisition. What amount should be reported in the 2020 of financial position for the patent, net of accumulated amortization, at December 31, 2020?

• A) $ 142,800
• B) $ 163,200
• C) $ 168,000
• D) $ 174,550

Determine and justify the appropriate discount rate for valuing a target company in mergers and acquisitions.

Understand the influence of socioeconomic factors on scientific research and technological innovation.

Recognize the historical shift towards government and corporate sponsorship in technology development post-1940s.

Grasp the concept of technological determinism and its impact on society.

---

Definitions:

Long-term Relationships

Relationships characterized by a extended duration, typically involving strong emotional or legal commitments.

Power Equality

The concept of equal distribution of power among various groups or individuals, ensuring no single entity holds excessive control or influence.

Gay Identity

A person's self-identification as gay, which involves the recognition and acceptance of one's own homosexuality.

Coming Out

The process by which an individual publicly acknowledges their sexual orientation or gender identity.