Grand Trunk Corp

Multiple Choice

Grand Trunk Corp.incurred $160,000 of basic research and $50,000 of development costs to develop a product for which a patent was granted on January 2, 2012.Legal fees and other costs associated with registration of the patent totalled $60,000.On March 31, 2017, Grand Trunk paid $90,000 for legal fees in a successful defence of the patent.The total amount capitalized for the patent through March 31, 2017 should be

A) $360,000.
B) $270,000.
C) $200,000.
D) $150,000.