Pharmaceuticals paid cash for the following to fund its research activities: testing materials andsupplies,

$ 600 comma 000$600,000;

research consultants,

$ 100 comma 000$100,000;

planning and design consultants,

$ 135 comma 000$135,000;

andgeneral-purpose laboratory equipment,

$ 950 comma 000$950,000.

The equipment has a

1010-year

useful life and no residual value. Prepare the journal entry required to record

Dimension'sDimension's

research expenditures for the year. The equipment was acquired on

JanuaryJanuary

1.