For what amount should the company report research and development expense?

A company incurred the following costs related to research and development (R&D) for the current year: R&D salaries R&D supplies consumed Equipment used in R&D projects Payment for services to others for R&D projects Purchase of in-process R&D in a business acquisition $156,000 276,000 636,000 196,000 116,000 The equipment will be used in other projects. Depreciation in the current year is $106,000. For what amount should the company report research and development expense? Multiple Choice O $574,000. 0 $850,000. 0 $1,344,000. 0 $734,000