a. During 2012, Morrow Company spent $88,000 on research and development costs for a new product. This product was patented on January 1, 2013 with patent registration fees paid of $2,000. The patent has an estimated useful life of eight years. On January 1, 2016, Morrow paid $8,000 for legal fees in a successful defense of the patent and as a result, changed their estimate of the total useful life of the patent to the 20 year legal life. Determine the amount of amortization expense to be recorded on the patent for the year ending December 31, 2016.

Quick computing currently sells 12 million computer chips each year at a price of $19 per chip. it is about to introduce a new chip, and it forecasts annual sales of 22 million of these improved chips at a price of $24 each. however, demand for the old chip will decrease, and sales of the old chip are expected to fall to 6 million per year. the old chips cost $10 each to manufacture, and the new ones will cost $14 each. what is the proper cash flow to use to evaluate the present value of the introduction of the new chip? (enter your answer in millions.)

Mr. pines is considering buying a house and renting it to students. the yearly operating costs are $1,900. the house can be sold for $175,000 at the end of 10 years and it is considered 18% to be a suitable annual effective interest rate. if the house costs $100,000 to purchase, how much would you need to charge your tenants each year in rent? (assume a single payment for the years rent at the end of each year)

What is the difference between career options in the law enforcement pathway and career options in the correction services pathway?