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RE uirer [The following information applies to the questions displayed below.] Bethany incurred $44,000 in research and experimental costs for developing a specialized product during

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RE uirer [The following information applies to the questions displayed below.] Bethany incurred $44,000 in research and experimental costs for developing a specialized product during July of year 1. Bethany went through a lot of trouble and spent $18,000 in legal fees to receive a patent for the product in August of year 3. Bethany expects the patent to have a remaining useful life of 10 years. (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.) c. If Bethany chose to capitalize but not amortize the research and experimental expenses she incurred in year 1, how much patent amortization expense would Bethany deduct in year 3? Answer is complete but not entirely correct. Deductible patent amortization expense $ 1,083

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