Dunder Mifflin Company incurred research and development costs of $100,000 and legal fees of $40,000 to acquire a patent. The patent has a legal life of 20 years and a useful life of 10 years. What amount should Dunder Mifflin record as Patent Amortization Expense in the first year? a. 0
b. 3,000
c. 6,500
d. 13,000

b. $4,000

Explanation:

Calculation to determine What amount should Dunder Mifflin record as Patent Amortization Expense in the first year

Using this formula

Patent Amortization Expense =Legal fees to acquire a patent ÷ estimated useful life

Let plug in the formula

Patent Amortization Expense =$40,000/10 years

Patent Amortization Expense=$4,000

Therefore the amount that Dunder Mifflin should record as Patent Amortization Expense in the first year is $4,000

b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.