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On March 1 7 , Advanced Technologies developed a patent related to laser surgery techniques. They spent $ 1 , 3 1 0 , 0

On March 17, Advanced Technologies developed a patent related to laser surgery techniques. They spent $1,310,000 to develop the patent internally, consisting of personnel ($855,000), equipment ($333,000), and materials ($122,000). The company also had the following additional costs: $31,000 in legal fees associated with the purchase and filing of the patent, $46,000 to advertise its new laser surgery techniques, and $56,000 to train employees.
What is the recorded cost of the patent?

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