On January 1, 2020, Desert Company purchased a patent from Savannah Technologies for $800,000. An independent consultant hired by Desert Company determined that the remaining useful life of the patent at the date of purchase is 10 years. Its unamortized cost on Savannah’s accounting records was $550,000 and the patent had been amortized for 5 years by Savannah. How much should be amortized for the year ended December 31, 2020, by Desert Company?

a. $160,000
b. $110,000
c. $55,000
d. $80,000

The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency,government intervention can improve overall welfare o markets allocate goodseffectively