Kright Enterprises had the following transactions occur during the year. - Purchased testing equipment on July 1tr that will be used for one RBD project for $76,000. The equipment has a two-year life and has no salvage value. - Purchased testing equipment that will be used for multiple R8D projects for $300,000 on January 111. The equipment has a five-year the and a salvage value of 40,000 - Paid $190,000 in salaries for scientists working in R8D. - Purchased $42,000 in materials to develop a prototype for a new solar panei The compary obtained a patent on December 31 for the new design. The patent application fee was $18,000. If Knight depreciates any capitatized equipment using the straight-line method, how much RAD expense does the company recognize for the year