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View Policies Current Attempt in Progress Pharoah Corp. incurred $760000 of research and development costs to develop a product for which a patent was granted

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View Policies Current Attempt in Progress Pharoah Corp. incurred $760000 of research and development costs to develop a product for which a patent was granted on January 2, 2018. Legal fees and other costs associated with registration of the patent totaled $152000. On March 31, 2021, Pharoah paid $310000 for legal fees in a successful defense of the patent. The total amount capitalized for the patent through March 31, 2021 should be $1222000. $1070000. $462000. $912000

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