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During 2020, High Tech Corp spent the following to develop a COVID 19 vaccine. Labor$900,000 Labsupplies300,000 Clinicaltrials500,000 Patentfilingfees15,000 High Tech Corp also purchased a COVID

During 2020, High Tech Corp spent the following to develop a COVID 19 vaccine.

Labor$900,000

Labsupplies300,000

Clinicaltrials500,000

Patentfilingfees15,000

High Tech Corp also purchased a COVID 19 test patent from Rapid Dev Company on July 1, 2020 for $2,250,000.

HowmuchwillHigh Tech Corp capitalize as intangible asset-patent in 2020?DO NOT USE $ SIGN, COMMA OR PENNIES

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