The analysis won't take zero, or $44000.$ Any ideas how to enter the answer in the analysis?

there is no solution above

Here's the calculation:

If the company purchased the patent for $$53,000$ from a third$-$party marketing company, it would capitalize the cost as an intangible asset $($patent$).$ This would result in an increase in total assets, but no impact on net income in $2024.$

If the company internally developed the new packaging technology and spent $$53,000,$ it would expense this cost as incurred. This would result in a higher expense, leading to a decrease in net income for $2024.$

Explanation:

Your required solution is here

Answer

Final solution

Hence the final solution given by this step

Therefore, the correct statement is:

The income and total assets in $2024$ would have been lower. $($False$)$

The internal development cost would be expensed immediately, reducing net income, and there would be no increase in total assets as the cost is not capitalized.

could you please provide it$?$ Thank you. I have everything else correct, this last one is driving me batty.