Bethany incurred $22,000 in research and experimental costs for developing a specialized product during July...
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Bethany incurred $22,000 in research and experimental costs for developing a specialized product during July 2023. Bethany went through a lot of trouble and spent $11,000 in legal fees to recelve a patent for the product in August 2025 . Bethany expects the patent to have a remaining useful ife of 10 years. Note: Do not round intermediate calculations. a. What amount of research and experimental expenses for 2023,2024 , and 2025 may Bethany deduct? Bethany incurred $22,000 in research and experimental costs for developing a specialized product during July 2023. Bethany went through a lot of trouble and spent $11,000 in legal fees to recelve a patent for the product in August 2025. Bethany expects the patent to have a remaining useful life of 10 years. Note: Do not round intermediate calculations. b. How much potent amortization expense would Bethany deduct in 2025


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