Blossom Corporation purchased a patent for $385500 on September 1, 2019. It had a useful life of 10 years. On January 1, 2021, Blossom spent $95100 to successfully defend the patent in a lawsuit. Blossom feels that as of that date, the remaining useful life is 5 years. What amount should be reported for patent amortization expense for 2021

$85,840

Explanation:

Calculation for Blossom Corporation amount to be reported for patent amortization expense for 2021

First step is to calculate the amortization from 1 sept 2019 to January 1 2021 which is:

[($385,500 ÷ 10) × 1 +1/3]

=$38,550×1.3333333

= $51,400

Second step is to calculate for the remaining value before defence which is:

=$385,500-$51,400

=$334,100

The third step is to calculate for the cost of successful defence which is :

($334,100+ $95,100) ÷ 5

=$429,200÷5

= $85,840

Therefore the amount that should be reported for patent amortization expense for 2021 will be $85,840

convection currents in magma drive plate tectonics. the answer is true.

ans.

heterothermic organisms include those organisms that can switch between homeothermic (having body temperature higher than environment) and poikilothermic (having variation in internal body temperature) strategies.

some migratory birds show heterothermy as they decrease their metabolic rate during cold nights to keep their body temperature low. drop in metabolic rate allows increase in production efficiency of birds that reduces the internal body temperature to make it equal to external cold temperature during cold nights.

thus, the correct answer is 'birds allow their temperature drop in order to increase their production efficiency.'