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Exercise 12-16 Leontyne Price Company from time to time embarks on a research program when a special project seems to offer possibilities. In 2013, the

Exercise 12-16

Leontyne Price Company from time to time embarks on a research program when a special project seems to offer possibilities. In 2013, the company expends $328,100on a research project, but by the end of 2013 it is impossible to determine whether any benefit will be derived from it.

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