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Carla Vista Co. incurred research and development costs in 2021 as follows: Materials used in research and development projects $ 925000 Equipment acquired that will

Carla Vista Co. incurred research and development costs in 2021 as follows:

Materials used in research and development projects $ 925000
Equipment acquired that will have alternate future uses in future research
and development projects 2750000
Depreciation for 2021 on above equipment 458333
Personnel costs of persons involved in research and development projects 725000
Consulting fees paid to outsiders for research and development projects 275000
Indirect costs reasonably allocable to research and development projects 200000

$5333333

The amount of research and development costs charged to Carla Vista's 2021 income statement should be

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