Gerald Corporation had the following transactions in 2019 that may have affected intangible assets

- Developed a new product, is incurring $342,500 in research and development costs, where 70% costs are attributable to the development of the product.

- A patent was granted for the product on July 1, and its useful life is equal to its legal life. Legal and other costs for the patent were $25,000.

- Paid another $17,000 legal costs to successfully defend the patent against infringement by another company.

Identify the types of intangible assets that Gerald would report and explain how they would be measured initially and in subsequent years according to AASB 138.