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A company incurred the following costs related to research and development (R&D) for the current ye: The equipment will be used in other projects. Depreciation

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A company incurred the following costs related to research and development (R\&D) for the current ye: The equipment will be used in other projects. Depreciation in the current year is $78,000. For what amo should the company report research and development expense? Multiple Choice $462,000 $710,000 $1,232,000

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