How much patent amortization expense would bethany deduct

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Question :

Bethany incurred $22,250 in research and experimental costs for developing a specialized product during July of year 1. Bethany went through a lot of trouble and spent $31,500 in legal fees to receive a patent for the product in August of year 3. Bethany expects the patent to have a remaining useful life of 10 years. (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.)

If Bethany chose to capitalize but notamortize the research and experimental expenses she incurred in year 1, how much patent amortization expense would Bethany deduct in year 3?

Reference no: EM132381256

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