Watch Shaun White: Russia Calling: It is an Awesome 44 minute Documentary by NBC about Shaun White and his road to Sochi 2014. Two-time Olympic Gold Medalist Shaun White gives a rare, inside look into the challenges and sacrifices that are made in order to be the best in the world.
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.
Reader Comments (2). QUESTION related to the topic: Given that your patent costs $70,000 with a legal life of 10 years, and amortization expense of $7,000/year. An additional cost of $45,000 is incurred for legal costs in defending your patent.Do you include the additional cost of $45,000 to the patent cost and re-compute for the amortization expense?iven that your patent costs $70,000 with a legal life of 10 years, and amortization expense of $7,000/year. An additional cost of $45,000 is incurred for legal costs in defending your patent.