Pharoah Corporation acquired a patent on May 1, 2017. Pharoah paid cash of $82000 to the seller. Legal fees of $1500 were paid related to the acquisition. What amount should be debited to the patent account

David paid $975,000 for two beachfront lots in coastal south carolina, with the intention of building residential homes on each. two years later, the south carolina legislature passed the beachfront management act, barring any further development of the coast, including david's lots. when david files a complaint to seek compensation for his property, south carolina refuses, pointing to a passage in david's own complaint that states "the beachfront management act [was] properly and validly designed to south carolina's " is south carolina required to compensate david under the takings clause?