Question: Bethany incurred $22,000 in research and experimental costs for developing a specialized product during July 2023. Bethany went through a lot of trouble and spent

specialized product during July 2023. Bethany went through a lot of trouble

Bethany incurred $22,000 in research and experimental costs for developing a specialized product during July 2023. Bethany went through a lot of trouble and spent $11,000 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. 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? b. How much patent amortization expense would Bethany deduct in 2025

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