Business, 29.06.2021 18:20 21hendlill

Cullumber Company incurred $800000 of research and development costs in its laboratory to develop a new product. It spent $150000 in legal fees for a patent granted on January 2, 2017. On July 31, 2017, Cullumber paid $62000 for legal fees in a successful defense of the patent. What is the total amount that should be debited to Patents through July 31, 2017

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