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Caerus Pharmaceuticals incurred the following costs in year 1 related to a new cancer drug: Research for a new formula - wages $ 3 ,
Caerus Pharmaceuticals incurred the following costs in year related to a new cancer drug:
Research for a new formula wages $
Research for a new formula lab costs
Development of a new formula wages
Development of a new formula production tests
Legal and filing fees for a patent for the new formula
The project was successfully completed and the new drug was patented before the end of year fiscal year. Calculate the amount of research and development expense Caerus should repo Suck between and
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