ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 218

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.