Multiple Choice Question 112 Sunland Co. incurred research and development costs in 2018 as follows: Materials used in research and development projects $ 980000 Equipment acquired that will have alternate future uses in future research and development projects 3300000 Depreciation for 2018 on above equipment 530000 Personnel costs of persons involved in research and development projects 780000 Consulting fees paid to outsiders for research and development projects 330000 Indirect costs reasonably allocable to research and development projects 255000 $6175000The amount of research and development costs charged to Sunland's 2018 income statement should be

$2290000.

$2090000.

$5390000.

$2875000.

Multiple Choice Question 112 Sunland Co. incurred research and development costs in 2018 as follows: $ 980000 Materials used in research and development projects Equipment acquired that will have alternate future uses in future research and development projects Depreciation for 2018 on above equipment Personnel costs of persons involved in research and development projects 3300000 530000 Consulting fees paid to outsiders for research and development projects Indirect costs reasonably allocable to research and development projects 780000 330000 255000 $6175000 The amount of research and development costs charged to Sunland's 2018 income statement should be $2290000. $2090000. $5390000. $2875000