The cost of successfully defending a patent in an infringement suit should be
A) charged to Legal Expenses.
B) deducted from the book value of the patent.
C) added to the value of the patent.
D) recognized as a loss in the current period.

Question

Quizplus · Accepted Answer

The cost of successfully defending a patent in an infringement suit is considered to enhance the value of the patent, as it helps to protect the patent's economic benefits. Therefore, it should be capitalized and added to the value of the patent.

The Cost of Successfully Defending a Patent in an Infringement