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2) 5%- XYZ company incurred the following R&D costs Salaries 200,000 Indirect costs 100,000 Materials 30,000 Legal costs to file a patent 20,000 What R&D

2) 5%- XYZ company incurred the following R&D costs Salaries 200,000 Indirect costs 100,000 Materials 30,000 Legal costs to file a patent 20,000 What R&D expense is reported by the Firm? Show your calculations. Assume that 150,000 of the R&D will be reimbursed by a company for which it is doing the R&D What R&D expense is reported and why

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