ACC 304 All Assignments ACC 304 All Assignments | Page 208

c.
No
d.
Yes
No
No
33. The cost of purchasing patent rights for a product that might
otherwise have seriously competed with one of the purchaser's
patented products should be
a. charged off in the current period.
b. amortized over the legal life of the purchased patent.
c. added to factory overhead and allocated to production of the
purchaser's product.
d. amortized over the remaining estimated life of the original patent
covering the product whose market would have been impaired by
competition from the newly patented product.