How to charge costs for defending patents

Assignment Help Managerial Accounting

Reference no: EM1348226

Wriglee, Inc. went to court this year and successfully defended its patent from infringement by the competitor. The cost of this defense must be charged to:

a) patents, and amortized over the legal life of the patent
b) legal fees, and amortized over 5 years or less
c) expenses of the period
d) patents, and amortized over the remaining useful life of the patent

Reference no: EM1348226

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