Xenon Tech acquired a patent on January 1st, 2018, for $26,400. The patent was estimated to have a useful life of 12 years. On July 1st, 2022, the company incurred legal fees of $6,000 to successfully defend the patent in an infringement suit. How much amortization expense will Xenon Tech recognize on the Income Statement for the year ended December 31st, 2022

$2200 is the amortization cost that appeared in the year December 31, 2022.

Explanation:

The first thing is that the legal cost incurred to defend the patent in an infringement suit doesnot qualifies for capitalization as it is not required for upgrading the asset. So the only amount relevant here is Initial cost of $26,400.

Amortization cost = $26,400 / 12 years life = $2200 per year

The additional legal cost of $6,000 will appear in the income statement separately.

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

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answer; comparing the additional benefits and costs;