BE $10-6$ Patent $$ LO$10-1$

On March $17,$ Advanced Technologies purchased a patent related to laser surgery techniques. The purchase price of the patent is $\backslash (\backslash$$ $1,200,000\backslash ).$ The patent is expected to benefit the company for the next five years. The company had the following additional costs: $\backslash (\backslash$$ $20,000\backslash )$ in legal fees associated with the purchase and filing of the patent, $\backslash (\backslash$$ $35,000\backslash )$ to advertise its new laser surgery techniques, and $\backslash (\backslash$$ $45,000\backslash )$ to train employees. None of these additional costs were included in the purchase price or paid to the seller. What is the recorded cost of the patent?