15. One of the intangible assets discussed in your text is patent. What is a patent? a. It is the logo and symbol granted by U.S. Patent office b. Exclusive rights to produce and sell certain goods granted by U.S. Government It is goodwill that one purchases in the open market d. Unique productive right granted by United Nations None of the above. C. e. 16. Determine the due date and amount of interest due at maturity on the following notes: Origination Face Term Interest Maturity Interest Date Amount of Note Rate Date Amount a. Mar. 15 $8,000 60 Days 9% b. May 1 $12,000 90 Days 8% 17. NASDA Inc. owns and operates a trucking company. During the past year, NASDA incurred the following costs related to its fleet of trucks. Classify them as a capital expenditure or a revenue expenditure: Capital Revenue Item Expenditure Expenditure Oil Change Replaced headlight that had burned out Installed GPS system on the truck Overhauled the engine on one of the trucks Purchased three years ago Repaired flat tire on one of the vans Rebuilt the engine on one of the trucks Purchased three years ago