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Can legal fees to defend a patent be capitalized?

Bob Marconi's Profile

Answers

Soumya Sahoo
Title: Business Intelligence Manager
Company: Damco Logistics
(Business Intelligence Manager, Damco Logistics) |

In my opinion, it should not be. It is more in the nature of a revenue expenditure. It can be seen as a maintenance expense for the patent, as by incurring this expense, we don't achieve any improvement in future earning capacity of the enterprise.

Bob Marconi
Title: Partner
Company: Zimmerman, Marconi, Alzate
(Partner, Zimmerman, Marconi, Alzate) |

Thank you very much for your input.

EMERSON GALFO
Title: CFO
Company: C-Suite Services
LinkedIn Profile
(CFO, C-Suite Services) |

https://www.proformative.com/questions/capitalization-patent-expenses

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