Business, 31.05.2020 05:03 bgcxz

Blossom Corp. incurred $710000 of research and development costs to develop a product for which a patent was granted on January 2, 2018. Legal fees and other costs associated with registration of the patent totaled $147000. On March 31, 2021, Blossom paid $285000 for legal fees in a successful defense of the patent. The total amount capitalized for the patent through March 31, 2021 should be

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Blossom Corp. incurred $710000 of research and development costs to develop a product for which a pa...

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