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Legoria Co. incurred the following costs during the year related to the creation of a new type of personal computer machine. Salaries Depreciation on R&D
Legoria Co. incurred the following costs during the year related to the creation of a new type of personal computer machine. Salaries Depreciation on R&D facilities and equipment Utilities and other direct costs incurred for R&D facilities Patent filing and related legal costs Payment to another company for performing a portion of the Development work Costs of adapting the new monitor for the specific needs of a customer $220,000 125,000 66,000 22,000 120,000 80,000 What amount should Legoria Co. report as research and development expense in its income statement
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