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A company incurred the follow costs related to research and development for the current year: 4 2.34 points Technology development (salaries and supplies) Engineering work

A company incurred the follow costs related to research and development for the current year: 4 2.34 points Technology development (salaries and supplies) Engineering work performed by another company Purchase of equipment Testing new models Legal fees for patent application $356,000 186,000 786,000 96,000 66,000 X 01:56:08 eBook The equipment will be used in other projects. Depreciation in the current year is $126,000. For what amount should the company report research and development expense? Print Multiple Choice $604,000 O $764,000. $830,000

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