Hopson Company Incurred $900,000 of Research and Development Costs in Its

Multiple Choice

Hopson Company incurred $900,000 of research and development costs in its laboratory to develop a new product.It spent $120,000 in legal fees for a patent granted on January 2, 2022.On July 31, 2022, Hopson paid $90,000 for legal fees in a successful defense of the patent.What is the total amount that should be debited to Patents through July 31, 2022?

A) $900,000
B) $210,000
C) $1,110,000
D) $0