McNabb Company spent $190,000 developing a new process prior to achieving economic viability, $45,000 in legal fees

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McNabb Company spent $190,000 developing a new process prior to achieving economic viability, $45,000 in legal fees to obtain a patent, and $91,000 to market the process that was patented, all in the year 2019. How should these costs be accounted for in 2019?
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Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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