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 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?
A) $2,417
B) $2,559
C) $4,108
D) $4,350
E) None of these
Correct Answer:

Verified
Correct Answer:
Verified
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