1. Leeper Corporation incurred the following costs in 2020: Acquisition of R&D equipment with a useful life of Acquisition of R&D equipment with a useful life of 4 years in R&D projects $800,000 Start-up costs incurred when opening a new plant 140,000 Advertising expense to introduce a new product 700,000 Engineering costs incurred to advance a product to full production stage 500,000 What amount should Leeper record as research & development expense in 2020? A $700,000 B) $840,000 C) $1,300,000 D) $1,540,000