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Although it may not seem like an R&E expense, the cost of obtaining a patent is also currently deductible under Section 174. This includes both attorney fees and patent filing fees. This is one of the largest expenses many independent inventors have.
To amortize the expense, your business's accountant must deduct $1,000 from your business's revenue each year for 15 years ($15,000/15 years = $1,000). During the third year, the accumulated amortized cost of the patent would be $3,000 ($1,000 x 3 years = $3,000). During the final year, the amortized cost of the patent would equal its original purchase price of $15,000 ($1,000 x 15 years = $15,000).