Acquisition of assets. Mix 'Em Up engages in research to develop cures for famous diseases. Costs incurred development of one such project are as shown below. Researchers' wages $10,000 Materials used in research 5,000 Machinery used in research 700 Registration of product discovered 1,950 Attorney's fees for registration 3,000 a. Identify the costs that can be capitalized (debited to the Patent account) for the product. b. Indicate how the other costs would be recorded. c. Record the journal entry for these items. You may credit Cash