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Blist Blisty Co. purchased two machines for $280,000 each on January 1, 2018. The machines were put into use immediately. Machine A has a useful
Blist Blisty Co. purchased two machines for $280,000 each on January 1, 2018. The machines were put into use immediately. Machine A has a useful life of 4 years and can be used in only one research project. Machine B will be used for 4 years on a research and development project and then used by the production division for an additional 4 years. Blist Blisty uses the straight-line method of depreciation. What amount should Blist Blisty include in 2018, 2019 and 2022.
(a) research and development expense?
(b) depreciation?
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