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Delaware Company incurred the following research and development costs during 2016: The equipment has a seven -year life and will be used for a number

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Delaware Company incurred the following research and development costs during 2016: The equipment has a seven -year life and will be used for a number of research projects. Depreciation for 2016 is $270.000. Required: Calculate the amount of research and development expense that Delaware should report in its 2016 income statement

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