Gessner LLC Patented a Process It Developed in the Current

question 3

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 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?

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

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Definitions:

Psychomotor Objective

An educational goal focused on the acquisition of skills that require both physical movement and mental activity.

Practice Carbohydrate Counting

The method of tracking grams of carbohydrates consumed to manage blood sugar levels, often used in diabetes management.

Session

A period dedicated to a specific activity, meeting, or therapeutic encounter, often with a set beginning and end time.

Weight Management Intervention

A program or set of strategies aimed at helping individuals achieve and maintain a healthy weight through lifestyle changes, including diet and exercise.