A company purchases two pieces of research equipment at the beginning of 2024. The first piece of equipment costs $103,000 and will be used for a current research project only. The second piece of equipment also costs $103,000 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 2024? Multiple Choice $128,750 $206,000 $51,500 $25,750