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Which of the following costs associated with an internally developed patent should be capitalized?

Research and Development             Patent Registration

A. No                                                                             Yes

B. No                                                                               No

C. Yes                                                                             No

D. Yes                                                                           Yes

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Question added by Deleted user
Date Posted: 2015/04/10
ايمن محمد عاطف محمد
by ايمن محمد عاطف محمد , Director of the control and regulation unit , ACOLID

A

The costs to secure the patent, legal fees, and any other costs incurred in its registration should be capitalized.  On the other hand, research and development costs incurred with the internally developed patent should be expensed as incurred, as required by SFAS2.]

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