Week 3 Homework Assignment 13 1 Part 2 of 2 points Hint P Required information Problem 02-74 (LO 02-4) (Algo) [The following information applies to the questions displayed below] Bethany incurred $23,000 in research and experimental costs for developing a specialized product during July of year 1 Bethany went through a lot of trouble and spent $34,250 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.) Problem 02-74 Part C (Algo) 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? Deductible patent amontate spor Help Save & Ext Submit Check my work