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help please! Sheffield Company incurred $178000 of research and development costs in its laboratory to develop a new product. It spent $22700 in legal fees
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Sheffield Company incurred $178000 of research and development costs in its laboratory to develop a new product. It spent $22700 in legal fees for a patent granted on January 2, 2025. On July 31, 2025. Sheffield paid $18200 for legal fees in a successful defense of the patent. What is the total amount that should be debited to Patents through July 31,2025? $200700 $178000 $40900 $218900 Step by Step Solution
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