On March $17,$ Advanced Technologies purchased a patent related to laser surgery techniques. The purchase price of the patent is

$$1,340,000.$ The patent is expected to benefit the company for the next five years. The company had the following additional costs:

$$34,000$ in legal fees associated with the purchase and filing of the patent, $$49,000$ to advertise its new laser surgery techniques, and

$$59,000$ to train employees. None of these additional costs were included in the purchase price or paid to the seller.

What is the recorded cost of the patent?

Total capitalized cost