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44. On the first day of its current fiscal year, Geoff Co. received a patent having an estimated useful life of 10 years. Geoff had

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44. On the first day of its current fiscal year, Geoff Co. received a patent having an estimated useful life of 10 years. Geoff had incurred research and development costs totaling $150,000 related to the patent. Costs associated with registration of the patent equaled $20,000. For the current fiscal year, Geoff should appropriately report straight-line amortization of: a. $18,750 b. $17,000 c. $15,000 d. $12,000 e. $2,000

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