4. Daschle LLC completed some research and development during June of the current year. The related costs were $73,800. If Daschle wants to capitalize and amortize the costs as quickly as possible, what is the total amortization expense Daschle may deduct during the current year?

MULTIPLE CHOICE

$0

$7,995

$8,610

$14,760

None of the choices are correct

5. Jorge purchased a copyright for use in his business in the current year. The purchase occurred on July 15^th and the purchase price was $82,500. If the patent has a remaining life of 75 months, what is the total amortization expense Jorge may deduct during the current year?

MULTIPLE CHOICE

$0

$6,050

$6,600

$13,200

none of the choices are correct

6. Butte sold a machine to a machine dealer for $50,600. Butte bought the machine for $54,400 several years ago and has claimed $12,200 of depreciation expense on the machine. What is the amount and character of Butte's gain or loss?

MULTIPLE CHOICE

$8,400 1231 loss

$3,800 1231 loss

$8,400 ordinary gain

$8,400 capital gain

None of the choices are correct