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Maghielse Company incurred the following expenses: Depreciation on research equipment $150,000 Design overhaul of existing products $25,000 Legal work in connection with patent defenses $45,000

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Maghielse Company incurred the following expenses: Depreciation on research equipment $150,000 Design overhaul of existing products $25,000 Legal work in connection with patent defenses $45,000 Testing the viability of potential new products $60,000 Commissions for salespeople selling new products $30,000 The total amount to be expensed as Research and Development is

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