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A company entered into a two-year cloud computing arrangement by paying $78,000 immediately to a vendor and also incurring the following costs: What is the
A company entered into a two-year cloud computing arrangement by paying $78,000 immediately to a vendor and also incurring the following costs: What is the amount the company should capitalize at the beginning of the arrangement? Multiple Choice $259,000 $78,000 $294,000 $269,000 A company purchases two pieces of research equipment at the beginning of 2024 . The first piece of equipment costs $118,000 and will be used for a current research project only. The second piece of equipment also costs $118,000 and is expected to be used in a current research project and also in multiple research projects over a four-year period. The company's policy is to depreciate equipment on a straight-line basis with no residual value. For what amount would the company record research and development expense in 2025 related to the purchase of equipment in 2024? Multiple Choice $59,000 $29,500 $147,500 $0
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