Answer:
c. a patent should be amortized over the shorter of the inventor's life or its economic life
Explanation:
Which of the following statements concerning intangibles is true?
a. a copyright should be considered an intangible with an indefinite life
b. organization costs must be expensed as incurred
c. a patent should be amortized over the shorter of the inventor's life or its economic life
d. the registration of a trademark or tradename lasts for 20 years and is non-renewable
Patents are a right granted to an inventor to exclusively sell a product for a specific period of time usually for 20 years. During this period, others are prevented from making, using, or selling the invention. A patent should be amortized over the shorter of the inventor's life or its economic life.
Types of patents include:
1. utility patents
2. design patents
3. plant patent
Copyright gives the inventor of a product and anyone they give the permission to the right to reproduce the product. Copyrights have limited lives
Both a company placing emphasis on ethics and a company providing moral leadership
Answer:
Option B Depreciation expense
Explanation:
The allocation of cost of the plant and equipment for the period being used is the concept of depreciation and is a period cost because when the asset is purchased its value decreases gradually with time which means some of the machinery value would be deminish during the year depending upon the technological factors, life of the equipment, etc. So the period cost will arise regardless of that we either use the asset or not which is the definition of period cost which in this case is depreciation cost and the allocation of cost of plant and equipment over its useful life is also depreciation cost.
While the federal tax device tends to limit inequality, kingdom and local taxes tend to amplify it.
The bottom 20% of households pay 11.4% of their incomes in state and neighborhood taxes, whilst the top 1% pay simply 7.4%. About a 0.33 of taxes that Americans pay are truely going to country and nearby governments.
<h3>How can the authorities decrease income inequality?</h3>
Income inequality can be decreased directly by means of lowering the incomes of the richest or through growing the incomes of the poorest. Policies focusing on the latter include growing employment or wages and transferring income.
<h3>How does profits inequality have an effect on the economy?</h3>
Economic stability
A variety of economists have argued that inequality leads to monetary instability. One mechanism by using which this takes place is that the prosperous devour a smaller proportion of their earnings than the poor. They keep money which people on decrease incomes would spend.
Learn more about income inequality here:
<h3>
brainly.com/question/24143597</h3><h3 /><h3>#SPJ4</h3>
Answer:
B. Unfavorable
Explanation:
Variance is use to know the difference between the standard cost which is the budgeted cost and the cost actually incurred and this amount of difference can either be favorable or unfavorable.
The variable overhead efficiency variance is the difference between standard hours for actual output and the actual hours taken at the standard variable overhead rate.
If the direct labor efficiency variance is unfavorable, then variable overhead efficiency variance will also unfavorable because the difference of standard hours for actual production and actual hours will remains the same for both.