On January 1, 2020, Desert Company purchased a patent from Savannah Technologies for $800,000. An independent consultant hired by Desert Company determined that the remaining useful life of the patent at the date of purchase is 10 years. Its unamortized cost on Savannah’s accounting records was $550,000 and the patent had been amortized for 5 years by Savannah. How much should be amortized for the year ended December 31, 2020, by Desert Company?

a. $160,000
b. $110,000
c. $55,000
d. $80,000

Of the four types of discharge, firing a. results from an employee's poor performance⎯that is, from his or her failure to fulfill expectations.b. is for-cause dismissal⎯the result of employee theft, gross insubordination, release of proprietary information, and so on.c. usually refers to the temporary unemployment experienced by hourly employees and implies that they are "subject to recall."d. designates the permanent elimination of a job as a result of workforce reduction, plant closing, or departmental consolidation.