Hall Co. incurred research and development costs in 2018 Materials $950,000

Equipment $3,000,000

Depreciation for 2018 $5000,000

Personal costs $750,000

Consulting fee $225,000

Indirect costs $5,725,000

The amount of research and development to halls 2018 income statement should be

$960,000 20 Hall Co incurred research and development costs in 2018 as follows: Materials used in research and development projects $ 950.000 Equipment acquired that will have alternate future uses in future research 3,000,000 and development projects Depreciation for 2018 one 500,000 Personnel costs of persons and development 750,000 projects Consulting fees paid to development 300,000 projects Indirect costs reasonably and development 225,000 projects $3.725.000 The amount of research and development costs charged to Hall's 2018 income statement should be $2.000.000 52 200.000 52725.000 55.000.000