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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