Question: ! Required information Problem 1 0 - 7 4 ( LO 1 0 - 4 ) ( Static ) [ The following information applies to

! Required information Problem 10-74(LO 10-4)(Static)[The following information applies to the questions displayed below.] Bethany incurred \(\$ 20,000\) in research and experimental costs for developing a specialized product during July 2024. Bethany went through a lot of trouble and spent \(\$ 10,000\) in legal fees to receive a patent for the product in August 2026. Bethany expects the patent to have a remaining useful life of 10 years. Note: Round your final answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable. Problem 10-74 Part b (Static) b. How much patent amortization expense would Bethany deduct in 2026? Deductible patent amortization expense
! Required information Problem 1 0 - 7 4 ( LO 1 0

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