ACC 304 Experience Tradition / tutorialrank.com ACC 304 Experience Tradition / 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.