In 2020, Cullumber Corporation incurred research and development costs as follows: $99000 Materials and equipment Personnel Indirect costs 119000 159000 $377000 These costs relate to a product that will be marketed in 2021. It is estimated that these costs will be recouped by December 31, 2023. The equipment has no alternative future use. What is the amount of research and development costs that should be expensed in 2020? $377000. $0. $278000. $258000. Wildhorse Corporation has the following account balances at 12/31/21: $24500 289000 Amortization expense Goodwill Patent, net of $64500 amortization 169000 What amount should Wildhorse report for intangible assets on the 12/31/21 balance sheet? $482500 $169000 $458000 $224500