(CMA adapted, Dec 86 #12) A patent is granted by the federal government to an inventor for a period of several years.Costs that are capitalized with regard to a patent would include
A)legal fees of obtaining the patent, incidental costs of obtaining the patent, and costs of successful patent infringement suits.
B)legal fees of obtaining the patent, incidental costs of obtaining the patent, and research and development costs incurred on the invention that is patented.
C)legal fees of obtaining the patent, costs of successful patent infringement suits, and research and development costs incurred on the invention that is patented.
D)legal fees of obtaining the patent, costs of successful and unsuccessful patent infringement suits, and research and development costs incurred on the invention that is patented.
E)legal fees of obtaining the patent, costs of successful and unsuccessful patent infringement suits, and development costs incurred on the invention that is patented.

Question

Quizplus · Accepted Answer

Legal fees of obtaining the patent and incidental costs of obtaining the patent are capitalized costs associated with a patent. Costs of successful patent infringement suits are also capitalized. Research and development costs, however, are typically expensed as incurred and not capitalized as part of the patent cost.

(CMA Adapted, Dec 86 #12) a Patent Is Granted by the Federal