A company attempted to create a new horse transpoit device and incurred research and development costs of $250.000 in the first half of the current year. Rather thain continue with its own research, the company decided to purchase a patent for a simiar design from another company for $350,000 on October 1 of the cuirent year, What are the total assets and expenses recorded for these costs with regard to the new transport device? Multupe Choice Assets $250,000, Expenses 5350000 Assets 4360000 firpentses 5250000 Assets \$0, Expreses $600000 Acsets $600000, Expenses $0