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Blossom Corp. incurred $940000 of research and development costs to develop a product for which a patent was granted on January 2,2023. Legal fees
Blossom Corp. incurred $940000 of research and development costs to develop a product for which a patent was granted on January 2,2023. Legal fees and other costs associated with the registration of the patent totaled $170000. On March 31, 2026, Blossom paid $400000 for legal fees in a successful defense of the patent. The total amount capitalized for the patent through March 31, 2026 should be O $1510000, O $570000. O $1340000. O $1110000.
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