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  3. gusion company purchased a patent a for 600,000 an

Gusion Company purchased a patent A for 600,000 and patent B for 900,000. Gusion also...

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Accounting

Gusion Company purchased a patent A for 600,000 and patent B for 900,000. Gusion also paid transaction costs of 75,000 for patent A and 105,000 for patent B. Both patents were challenged in legal actions. Gusion paid 300,000 in legal fees in successful defense of patent A and 450,000 in legal fees in the unsuccessful defense of patent B what amount should Gusion capitalize for patents?

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