The only costs of an internally developed patent that should be capitalized as patent costs are legal fees, other registration costs, and successful court tests.

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According to accounting standards, the costs that can be capitalized for an internally developed patent include legal fees, registration costs, and the costs of successful defense of the patent's validity in court. Other research and development costs related to the patent are expensed as incurred.

The Only Costs of an Internally Developed Patent That Should