Question: During 20X6, Bluebeard Corp. had the following transactions occur: Incurred costs of $850,000 on the research and development of a new machine to use in its manufacturing facility. Incurred patent application costs of $10,000, and Incurred $25,000 in legal costs related to the successful defense of a patent infringement lawsuit. Question: Assuming none of the patent's costs has been amortized, what should be the capitalized cost of the patent at the end of 20X6?