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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Definitions:

Insightful

Having or showing an accurate and deep understanding; perceptive.

Human Relationships

The connections and interactions between individuals, influencing social structures and personal experiences.

Intuitive Thinking

A cognitive process that involves making decisions or solving problems based on feelings, instincts, or perceptions without the use of rational processes.

Flexible

The ability to adapt or be adapted to changes, challenges, or varying needs with ease.