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View Full Version : Amortization of a patent


chevychev
Jan 30, 2011, 04:39 PM
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
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.