If a new patent is acquired through modification of an existing patent, the remaining book value of the original patent may be amortized over the life of the new patent.

Fences and parking lots are reported on the balance sheet as

a. current assets. b. land improvements. c. land. d. property and equipment.

Legislation that permits depository institutions to compete with money market mutual funds on an equal basis with respect to interest rates offered to investors is the:

a. Garn-St. Germain Depository Institutions Act b. National Banking Act c. Hunt Commission legislation d. Depository Institutions Deregulation and Monetary Control Act