Geithner LLC patented a process it developed in the current year.The patent is expected to create benefits for Geithner 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,Geithner had unamortized research expenditures of $15,000 related to the process.What is the total amortization expense Geithner may deduct during the current year? A)$2,417 B)$2,559 C)$4,108 D)$4,350 E)None of these

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The Answer of Geithner LLC patented a process it developed in the current year.The patent is expected to create benefits for Geithner 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,Geithner had unamortized research expenditures of $15,000 related to the process.What is the total amortization expense Geithner may deduct during the current year? A)$2,417 B)$2,559 C)$4,108 D)$4,350 E)None of these

Geithner LLC Patented a Process It Developed in the Current