9 <> G shift tab 13 Solutions.pdf: ACCT 3110 Section 001... fn BusinessCourse Course Content / Chapter 13 / Chapter 13-HW 1 2 Time left 0:23:11 Finish attempt... Question 8 3 0 Check caps lock esc 4 5 6 control Not complete Marked out of 0.89 1 Return to course 7 8 Identifying Research and Development Costs Hyland Company's research and development (R&D) records contained the following information for the year. Materials used in R&D projects $ 320,000 Equipment acquired that will have significant alternative future uses including future R&D projects. 1,600,000 Depreciation expense for the year on above equipment 400,000 Personnel costs involved in R&D projects 800,000 Consulting fees paid to outsiders for R&D projects 80,000 Indirect costs reasonably allocable to R&D projects 160,000 $3,360,000 Q Required Determine the amount of research and development costs debited to expense and reported on the current year income state. A M 13-HW | ACCT 3110 Intermediate Accoun... 2 N 1 9 option Flag question W S 3 E