Geithner LLC Patented a Process It Developed in the Current

question 22

Multiple Choice

Geithner LLC patented a process it developed in the current year.The patent is expected to create benefits for Geithner 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,Geithner had unamortized research expenditures of $15,000 related to the process.What is the total amortization expense Geithner 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:

Dowel

A cylindrical rod, usually made of wood, metal, or plastic, used to reinforce joints or support shelves and other structures.

Fasting Process

The act of willingly abstaining from some or all food, drink, or both, for a period of time, often used for health, religious, or medical purposes.

Midnight

The middle of the night, specifically the transition time from one day to the next at 00:00 hours.

Contagious Diseases

Illnesses that can be spread from person to person or through contact with infected surfaces, bodily fluids, or vectors.