Find what amount should be debited to the patent account

Reference no: EM13201249

Maris Corporation acquired a patent on May 1, 2008. Maris paid cash of $25,000 to the seller. Legal fees of $1,000 were paid related to the acquisition. What amount should be debited to the patent account?

$1,000

$24,000

$25,000

$26,000

Reference no: EM13201249

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