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Amortization of Intangible Assets. To illustrate the amortization of an intangible asset, imagine XYZ Biotech spends $30 million dollars on a patent with a useful life of 15 years. Theoretically, to account for the expense over a 15-year period, XYZ Biotech records $2 million each year as an amortization expense.
Patent services are like medical care. Cutting costs now can result in huge costs later. Often, you won't know about the problems until later, and by that time the situation is irreversible. The cost for a typical US patent, from start to finish, is typically between $10 and $30,000.The patent process is like a tennis match. To get a normal, US utility application prepared and filed (serving the tennis ball) you are probably looking at spending $5-20k on an attorney depending on the kind of invention.hen the patent office agrees to grant the patent, there are additional costs for the final processing. All told, after filing the application, the follow-on costs are typically in the $1,500-15,000 range (depending on lots of factors).