Lopez Corp. incurred $420,000 in research and development costs to develop a product for which a patent was granted on January 2, 2006. Legal fees and other costs associated with filing the patent totaled $80,000. On March 31, 2011, Lopez paid $150,000 in legal fees in a successful defence of the patent. 

What will be the total amount capitalized by the patent until March 31, 2011?

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To determine the total amount capitalized by the patent until March 31 2011 we n... View the full answer