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= Send to Gradebook Question 4 View Policies Current Attempt in Progress Harmax Limited spent $5,000 registering an internally developed patent and then another $20,000 defending and enforcing the patent in its first year. How should the patent be reflected in the financial statements? The full $25,000 expensed in the year. $5,000 capitalized as Patent asset and the $20,000 expensed. $20,000 capitalized as Patent asset and the $5,000 expensed. The full $25,000 capitalized in the year. e Textbook and Media Attempts: 0 of 1 used Submit Answer Send to Gradebook