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I NEED HELP WITH THIS 2 What amount of research and development cost should be expensed in the 1 point current year? * Katyrenne Company

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I NEED HELP WITH THIS 2

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What amount of research and development cost should be expensed in the 1 point current year? * Katyrenne Company developed a new machine for manufacturing baseballs. Because the machine is considered very valuable, the entity had it patented. The following expenditures were incurred in developing and patenting the machine: Purchase of special equipment to be used solely for development of the new machine 1,800,000 Research salaries and fringe benefits for engineers and scientist 200,000 Costs of Testing Prototype 200,000 Legal cost for filing a patent 210,000 Fees paid to government patent office 55,000 Drawing required by patent office to be filled with patent application 50,000 Litigation costs (successful) 430,000 O 1,800,000 O 2,250,000 O 2,490,000 O 2,200,000What amount should be capitalized as cost of patent? * 1 point Katyrenne Company developed a new machine for manufacturing baseballs. Because the machine is considered very valuable, the entity had it patented. The following expenditures were incurred in developing and patenting the machine: Purchase of special equipment to be used solely for development of the new machine 1,800,000 Research salaries and fringe benefits for engineers and scientist 200,000 Costs of Testing Prototype 200,000 Legal cost for filing a patent 210,000 Fees paid to government patent office 55,000 Drawing required by patent office to be filled with patent application 50,000 Litigation costs (successful) 430,000 265,000 O 745,000 O 315,000 O 245,000

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