CBS Corporation Acquired a Patent for $3,800,000

question 112

Multiple Choice

CBS Corporation acquired a patent for $3,800,000.The patent has a legal life of 20 years.Because of changing technology,this patent is expected to generate revenue for only 5 years and have no residual value.The annual amortization expense for the patent is: (Round your final answer to the nearest dollar. )

• A)$0
• B)$3,800,000
• C)$190,000
• D)$760,000

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Definitions:

Industrial-organizational Psychology

a branch of psychology that studies behavior in work settings and applies psychological principles to improve the work environment and organizational efficiency.

Subfields

Specific areas of study within a broader discipline, such as cognitive, developmental, or social psychology within the field of psychology.

Technology Developers

Professionals or entities engaged in the creation of new technologies or the improvement of existing technologies to address human needs and enhance efficiency.

Human Factors Psychologist

A human factors psychologist specializes in designing products and creating environments that optimize human well-being and overall system performance.