Question 4

Windsor Industries had one patent recorded on its books as of January 1, 2025. This patent had a book value of $403,200 and a remaining useful life of 8 years. During 2025, Windsor incurred research and development costs of $91,000 and brought a patent infringement suit against a competitor. On December 1, 2025, Windsor received the good news that its patent was valid and that its competitor could not use the process Windsor had patented. The company incurred $85,000 to defend this patent. At what amount should patent(s) be reported on the December 31, 2025, balance sheet, assuming monthly amortization of patents?

The amount to be reported

$enter the amount to be reported in dollars