Question: 0 Required information Problem 1 0 - 7 4 ( LO 1 0 - 4 ) ( Algo ) [ The following information applies to

 0 Required information Problem 10-74(LO 10-4)(Algo) [The following information applies to

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Problem 10-74(LO 10-4)(Algo)
[The following information applies to the questions displayed below.]
Bethany incurred $21,700 in research and experimental costs for developing a specialized product during July 2023.
Bethany went through a lot of trouble and spent $10,850 in legal fees to receive a patent for the product in August 2025
Bethany expects the patent to have a remaining useful life of 10 years.
Note: Do not round intermediate calculations.
Problem 10-74 Part a (Algo)
a. What amount of research and experimental expenses for 2023,2024, and 2025 may Bethany deduct?
Answer is complete but not entirely correct.
\table[[,\table[[Research and],[experimental],[expenses]]],[2023,$,2,170],[2024,$,4,340],[2025,$,2,532]]
the questions displayed below.] Bethany incurred $21,700 in research and experimental costs

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