pement Gradebook ORION Downloadable eTextbook ignment BUNTING (ACCT 33 CALCULATOR FULL SCREEN PRINTER VERSION BACK NO Sunland Company incurred the following costs during the current year in connection with its research and development activities. S Exercise 12-17 Cost of equipment acquired that will have alternative uses in future R&D projects over the next 5 years (uses straight-line depreciation) Materials consumed in R&D projects $283,500 55,700 Consulting fees paid to outsiders for R&D projects 117,000 Personnel costs of persons involved in R&D projects 137,500 Indirect costs reasonably allocable to R&D projects Materials purchased for future R&D projects 45,700 32.700 Compute the amount to be reported as research and development expense by Sunland on its current year income statement. Assume equipment is purchased at the beginning of the udy year. Total to be expensed for research and Development $ Click if you would like to Show Work for this question: Qest.p D here to search THE Question Attempts: 0 of 3 used SAVE FOR LATE 00 10:23 AM 26001