Bethany incurred $20,000 in research and experimental costs for developing a specialized product during july of year 1. bethany went through a lot of trouble and spent $10,000 in legal fees to receive a patent for the product in august of year 3. bethany expects the patent to have a remaining useful life of 10 years.

what amount of research and experimental expenses for year 1, year 2, and year 3 may bethany deduct if she elects to amortize the expenses over 60 months?

how much patent amortization expense would bethany deduct in year 3 assuming she elected to amortize the research and experimental costs over 60 months?

Suppose jamal purchases a pair of running shoes online for $60. if his state has a sales tax on clothing of 6 percent, how much is he required to pay in state sales tax?

Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.

The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.