Blue Co Has a Patent on a Communication Process

question 94

Multiple Choice

Blue Co. has a patent on a communication process. The company has amortized the patent on a straight-line basis since 2009, when it was acquired at a cost of $36 million at the beginning of that year. Due to rapid technological advances in the industry, management decided that the patent would benefit the company over a total of six years rather than the nine-year life being used to amortize its cost. The decision was made at the end of 2013 (before adjusting and closing entries) . What is the appropriate patent amortization expense in 2013?

• A)$4 million.
• B)$5 million.
• C)$10 million.
• D)$20 million.

Understand the role of technology and communication in facilitating globalization.

Recognize the importance of global consumerism and its impact on cultures and economies.

Understand the causes and effects of anti-globalization movements and their significance in the global landscape.

Understand the effectiveness and limitations of various psychotherapeutic approaches, including person-centered therapy, behavior modification, and psychosurgery.

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Definitions:

Personality

The assembly of elements and qualities that shape a person's singular character.

Identical Twins

Twins resulting from one zygote that splits and forms two embryos, sharing exactly the same genetic material.

Big Five

A psychological theory that describes human personality through five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Personality

The amalgamation of features and characteristics that constitute an individual's unique nature.