Gessner llc patented a process it developed in the current year. the patent is expected to create benefits for gessner 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, gessner had unamortized research expenditures of $15,000 related to the process.

what is the total amortization expense gessner may deduct during the current year?

$4,350

Explanation:

The computation of the total amortization expense is shown below:

= Legal costs associated with the patent + unamortized research expenditures ÷ time period × number of months

= $43,000 + $15,000 ÷ 120 months × 9 months

= $58,000 ÷ 120 months × 9 months

= $4,350

The amortization period would be lesser of patent life i.e 20 years or useful life i.e 10 years and 10 years is converted into months i.e 120 months

And, the 9 months is calculated from April 15 to December 31

As we assume that the books are closed on December 31

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

the correct answer would be b, when, queen, calder hall and london.

explanation:

we always capitalize words when a paragraph or sentence is starting, when an important name is used, when a place is being written, or simply when a noun is used, etc. so in this sentence, sentence is starting from 'when', so it will be written in capital letters. secondly, queen is considered to be an important person, so it will also be written in capital letter. next, the name of the town is mentioned, i-e calder hall, which will also be written in capital letters. in the last,   city name is being used, 'london', which will also be written in capital letters. so option b is the most appropriate one.