Gessner LLC Patented a Process It Developed in the Current

question 18

Multiple Choice

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 15ᵗʰ 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 expense Gessner may deduct during the current year?

• A) $2,417.
• B) $2,174.
• C) $4,108.
• D) $4,350.
• E) None of the choices are correct.

Analyze the impact of reproductive technologies and contraceptive use on society.

Explore the intersection of sexuality with race, class, and gender in the context of social stratification.

Investigate the role of social institutions and theories in legitimizing certain sexual behaviors.

Assess the implications of sex tourism on global economy and local societies.

---

Definitions:

Principal Amount

The original sum of money borrowed in a loan, or the original investment in a financial instrument, before interest.

Maturity Value

Maturity Value is the amount to be paid to the holder of a financial instrument at its maturity date, including the principal and any remaining interest.

Notes Receivable (New)

Financial assets representing written promises for payments to be received by a party, usually including interest.