] Bethany incurred $20,000 in research and experimental costs for developing a specialized product during July 2024. Bethany went through a lot of tro
] 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.
\r\na. What amount of research and experimental expenses for 2024, 2025, and 2026 may Bethany deduct?
\r\nb. How much patent amortization expense would Bethany deduct 2026?
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