Option (d), the prior art is any publicly accessible information that might be pertinent to a patent applicant's assertion of originality.
<h3>What is prior art, exactly?</h3>
The term "prior art" describes the sources of knowledge that can be utilized to judge the novelty and/or inventiveness of the subject matter claimed in a patent application.
A previous art search might be useful to determine whether an idea qualifies for patent protection. You can't decide whether to file for a patent on your idea without first doing a previous art search.
Early in the patent process, prior art research can help with the development of patent applications to reduce the risk of rejection, ascertain the chance that a patent will be granted, and foresee potential objections against patentability that a patent examiner may make.
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Answer:
The company will amortize the cost over 6 years.
Explanation:
Intangible assets which have a useful life that is either indefinite or identifiable.
The assets having identifiable useful lives, are amortized on the basis or method of straight-line over the legal or the economic life, which ever is short.
The assets having indefinite useful lives are assessed every year for the impairment. And the impairment losses need to evaluated by deducting the market value of the asset from the carrying value.
So, in this case, the asset has legal life of 8 years and on contract is 6 years, the company will amortize the asset over the 6 years as the intangible asset have identifiable useful lives, therefore, need to amortized over legal or economic life, which ever is shorter.
Hence, legal is 8 years and economic life is 6 years, so the short is 6 years.
The difference between the "full replacement cost" and the "cash value" renters insurance is one involves full replacement cost and the other depreciated value.
<h3>What is renters insurance?</h3>
Renter's insurance is the property insurance that covers the (renter's) policyholder's personal belongings, liability, and some living expenses in case of a loss event.
With replacement cost renters insurance, the policyholder has sufficient funds to replace all insured belongings and other losses.
With cash value renters insurance, the policyholder can only recover the depreciated value of their assets.
Thus, the difference between the "full replacement cost" and the "cash value" renters insurance is one involves full replacement cost and the other depreciated value.
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Answer:
Required Asset to increase sales by 16% is $480,000
Increased liability percentage is $64,000
Added to retained earnings $319,000
Explanation: