Gessner LLC patented a process it developed in the current year. The patent is expected to create benefits for Gessner over a 10-year period. The patent was issued on April 15 ^th and the legal costs associated with the patent were $43,000. In addition, Gessner had unamortized research expenditures of $15,000 related to the process. What is the total amortization amount Gessner may deduct during the current year? A)$2,417 B)$2,174 C)$4,108 D)$4,350 E)None of the choices are correct.

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The Answer of Gessner LLC patented a process it developed in the current year. The patent is expected to create benefits for Gessner over a 10-year period. The patent was issued on April 15 ^th and the legal costs associated with the patent were $43,000. In addition, Gessner had unamortized research expenditures of $15,000 related to the process. What is the total amortization amount Gessner may deduct during the current year? A)$2,417 B)$2,174 C)$4,108 D)$4,350 E)None of the choices are correct.

Gessner LLC Patented a Process It Developed in the Current