Question: On March 1 7 , Advanced Technologies developed a patent related to laser surgery techniques. They spent $ 1 , 3 5 0 , 0

On March 17, Advanced Technologies developed a patent related to laser surgery techniques. They spent $1,350,000 to develop the patent internally, consisting of personnel ( $875,000), equipment ( $345,000), and materials ( $130,000). The company also had the following additional costs: $35,000 in legal fees associated with the purchase and filing of the patent, $50,000 to advertise its new laser surgery techniques, and $60,000 to train employees.
What is the recorded cost of the patent?
Total capitalized cost
On March 1 7 , Advanced Technologies developed a

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