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Required information The following information applies to the questions displayed below in research and experimental costs for developing a specialized product during July of year

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Required information The following information applies to the questions displayed below in research and experimental costs for developing a specialized product during July of year 1 Bethany incurred $29,750 Bethany went thro 3. Bethany expects the patent to have a remaining useful life of 10 years. your final answers to nearest whole doller amount.) ugh a lot of trouble and spent $26,750 in legal fees to receive a patent for the product in August of year (Do not round intermediate calculations. Round patent amortization expense would Bethany deduct in year 3, assuming she elected to amortize the research and experimental costs over 60 months

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