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.
Divide the patent's total cost by the amortization period from Step 1 to determine the annual amortization expense. To continue the previous example, if the patent cost $25,000 and had an amortization period of 10 years, the annual expense would be $2,500.Related Reading: How to Nullify a Patent.Step 3.o continue the previous example, if the patent cost $25,000 and had an amortization period of 10 years, the annual expense would be $2,500. Related Reading: How to Nullify a Patent.