Should the following fees associated with the registration of an internally developed patent be capitalized? $$\begin{array} { | l | l | l | }
\hline & \text { Legal } & \text { Registration } \
\hline & \text { Fees } & \text { Fees } \
\hline 1 & \text { No } & \text { No } \
\hline 2 & \text { No } & \text { Yes } \
\hline 3 & \text { Yes } & \text { No } \
\hline 4 & \text { Yes } & \text { Yes } \
\hline
\end{array}$$

Question

Should the following fees associated with the registration of an internally developed patent be capitalized? $$\begin{array} { | l | l | l | } 
\hline & \text { Legal } & \text { Registration } \
\hline & \text { Fees } & \text { Fees } \
\hline 1 & \text { No } & \text { No } \
\hline 2 & \text { No } & \text { Yes } \
\hline 3 & \text { Yes } & \text { No } \
\hline 4 & \text { Yes } & \text { Yes } \
\hline
\end{array}$$

Quizplus · Accepted Answer

Both legal and registration fees associated with the registration of an internally developed patent should be capitalized as they are directly attributable to securing the patent.

Should the Following Fees Associated with the Registration of an Internally