Jorge Purchased a Copyright for Use in His Business in the Current

question 100

Multiple Choice

Jorge purchased a copyright for use in his business in the current year. The purchase occurred on July 15^th and the purchase price was $75,000. If the copyright has a remaining life of 75 months, what is the total amortization amount Jorge may deduct during the current year? (Assume this is not an asset acquisition to which §197 applies.)

• A)$0
• B)$5,500
• C)$6,000
• D)$12,000
• E)None of the choices are correct.

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Definitions:

Reinforcement

In behavioral psychology, it is a consequence that strengthens an organism's future behavior whenever that behavior is preceded by a specific antecedent stimulus.

Secondary Reinforcer

A stimulus that has acquired reinforcing properties through association with a primary reinforcer, such as money being valued due to its ability to purchase food.

Reinforcer

Any stimulus that, when presented after a response, strengthens the response or increases the likelihood that it will happen again.

Primary Reinforcers

Stimuli that are inherently rewarding and satisfy biological needs, used in behavioral conditioning to reinforce desired behaviors.