selected information for Palmiero Company. 1.Palmiero purchased a patent from Vania Co. for $1‚500‚000 on January 1‚ 2010. The patent is being amortized over its remaining legal life of 10 years‚ expiring on January 1‚ 2020. During 2012‚ Palmiero determined that the economic benefits of the patent would not last longer than 6 years from the date of acquisition. What amount should be reported in the balance sheet for the patent‚ net of accumulated amortization‚ at December 31‚ 2012? Solution:
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speech code included in Microsoft’s Windows operating system. When Microsoft sent master versions of the software overseas‚ trite them‚ and sold the trite software‚ AT&T sued for copyright infringement. A company is guilty of infringement under the Patent Act if it "supplies...from the United States...apparatus of a patented invention in such manner as to vigorously encourage the combination of such components." Microsoft argued that it was not legally responsible because software code is indefinable
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strengths and weakness Amgen first went after product patent‚ the strongest type of patent. But Amgen knew that it would be very difficult to get the product patent because it did not pass the test of “non-obviousness in the light prior art”. Therefore they also went after process patent. Now to increase the protection‚ Amgen also patented the starting material that is needed to produce EPO protein i.e. host cell and its vector. Strengths of product patent: • Provide best possible protection i.e. firm
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Patent costs treatment and impairment testing on patents Ying Wampler Keller Graduate School of Management of DeVry University ACCT540 Dr. Racic Patent costs treatment and impairment testing on patents Patent costs treatment and impairment testing on patents Introduction XYZ Research Company was incorporated in 2010 and their business mainly focuses on developing new technology for interplanetary exploration. Due to the nature of their business‚ the majority of their business costs are
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Second Group Assignment Course: Name of the Faculty: Subject : Product and Brand Management Group Number : 30 Group Members: 1. Please identify 2 cases of "Innovative Brand Building" at the ground level(below the line marketing activities). Ans. Eureka Forbes is example of one of the best brand made by below the line marketing activities. Eureka Forbes was born in 1982 ans is a part of Shapoorji Pallonji Group
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2012‚ Apple won more than US $1 billion in a massive US court victory over Samsung‚ one of the biggest patent cases in decades – a verdict that could have huge market repercussions. A jury in San Jose‚ California awarded US $1.049 billion to the US tech giant‚ according to court documents. But analysts said the damages could be tripled because jurors found Samsung “willfully” infringed on patents. The decision was appeared to be an overwhelming victory for Apple but it was not immediately clear
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Week). The lack of innovation and inevitable loss in revenues due to expiring patents was a huge concern for Pfizer. Per Catherine Arnst‚ “Due to other patent expirations‚ Pfizer is facing a loss of more than 70% of its 2007 revenues by 2015‚ and there are no equivalent blockbusters in its development pipeline” (Bloomberg Business Week). Wyeth has established themselves as a profitable pharmaceutical company that held patents on specific biologic drugs‚ consumer health products (Centrum vitamins)‚ animal
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uses electrical impulses to maintain a regular heartbeat. Boykin himself died of a heart failure in Chicago in 1982. Boykin‚ who took a special interest in working with resistors‚ began researching and inventing on his own. He sought and received a patent for a wire precision resistor on June 16‚ 1959. This resistor would later be used in radios and televisions. Two years later‚ he created a breakthrough device that could withstand extreme changes in temperature and pressure. The device‚ which was
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Aztec Laboratories In my opinion‚ I think Aztec Laboratories should account the R & D contract as a patent. Research and development costs are the costs incurred in a planned search for new knowledge and in translating such knowledge into new products or processes. Prior to 1975‚ businesses often capitalized research and development costs as intangible assets when future benefits were expected from their incurrence. Due to the difficulty of determining the costs applicable to future benefits
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Strategic Mistakes by Xerox CEO "Xerox: The Copier Company" epitomizes one of the greatest strategic blunders in the history of high technology corporations. The legacy of C. Peter McColough’s tenure as CEO at Xerox was that he gave away the future of the company while he was at the helm. When McColough took over the reins of Xerox in 1968‚ Xerox was fully enjoying the 40-45% growth in their 80% copier dominated market share. McColough had the vision to see that in the office of the future‚ information
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