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Geraldine llc patented a process it developed in the

Question - Geraldine 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 15th 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?

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Accounting Basics: Geraldine llc patented a process it developed in the

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