Question: 7 4 . Bethany incurred $ 2 0 , 0 0 0 in research and experimental costs for developing a specialized product during July 2

74. Bethany incurred $20,000 in research and experimental costs for developing a specialized product during July 2023. Bethany went through a lot of trouble and spent $10,000 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.
a. What amount of research and experimental expenses for 2023,2024, and 2025 may Bethany deduct?
b. How much patent amortization expense would Bethany deduct in 2025?

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