Geithner LLC Patented a Process It Developed in the Current

question 11

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 these

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World Trade Organization

An international organization founded in 1995 designed to supervise and liberalize world trade by providing a forum for negotiations and dispute resolution.

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Treaties or agreements between countries that facilitate trade and economic cooperation on a global scale.

Toxic Materials

Substances that are harmful or deadly to living organisms when introduced or absorbed.

Electronic Devices

Equipment that uses the principles of electronics to function, including smartphones, computers, and televisions.