Should the following fees associated with the registration of an internally developed patent be capitalized?

Legal Fees Registration Fees

1 No No

2 No Yes

3 Yes No

4 Yes Yes

Question

Should the following fees associated with the registration of an internally developed patent be capitalized?

	Legal Fees	Registration Fees
1	No	No
2	No	Yes
3	Yes	No
4	Yes	Yes

Quizplus · Accepted Answer

Legal fees and registration fees associated with the registration of an internally developed patent should be capitalized as they are directly attributable to the development of the intangible asset, increasing its value.

Should the Following Fees Associated with the Registration of an Internally