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    chevychev's Avatar
    chevychev Posts: 6, Reputation: 1
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    #1

    Jan 30, 2011, 04:39 PM
    Amortization of a patent
    Volvo Machine Company spent 352,000 on research and development costs for an invention. THis invention was patented on Jan 2, 2004, at a nominal cost that was expensed in 2004. The patent has a legal life of 17 years and an estimated useful life of 8 years. In jan 2008, Volvo paid 32,000 for legal fees in a successful defense of the patent. Amortization for 2008 should be:
    a) 48,000
    b) 2,462
    c) 52,000
    d) 32,000
    joypulv's Avatar
    joypulv Posts: 21,591, Reputation: 2941
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    #2

    Jan 30, 2011, 05:26 PM
    This site is not for copying homework questions.
    You have asked 4 so far.
    There is a Homework section, but it is for situations where you get stuck on a specific thing, not copy/paste Qs.
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