Johnson developed a training process that will reduce the cost of training

pilots while not sacrificing safety. Johnson would like to patent the process.

Financial data related to the process is as follow

Johnson developed a training process that will reduce the cost of training pilots while not sacrificing safety. Johnson would like to patent the proces:s Financial data related to the process is as folloWS Data Research costs Developmental costs 10000 Patent Filing fees Legal fees to review Amount 6000 remarks 3650 15407 atent Legal fees to review contract with third party 6600 urchasers Fees to host a party for 1000 employees celebrating the patent creation Johnson wants to know how to treat each of the costs above. Should they be capitalized or expensed? Why or Why not? (6 points) What is the capitalized cost of the patent? (2 points)