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Crane Corp. incurred $830000 of research and development costs to develop a product for which a patent was granted on January 2, 2018. Legal
Crane Corp. incurred $830000 of research and development costs to develop a product for which a patent was granted on January 2, 2018. Legal fees and other costs associated with registration of the patent totaled $159000. On March 31, 2021, Crane paid $345000 for legal fees in a successful defense of the patent. The total amount capitalized for the patent through March 31, 2021 should be O $1175000. O $504000, O $1334000.
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