Question 11 Muharraq Co. paid the following different costs in 2020: 1. $2,000,000 to acquire a machine to be used is the R&D projects. The maschine has a 4-year useful life (Muharraq Ca started using the machine ou 1 January 2020 and a straight-line depreciation method applied) 2 5550,000 for constraction costs incurred to open a new plant 3. $420,000 for engineering costs incurred to advance a new product to full production stage (There is NO economic viabili 4. $250,000 for material and equipment used in research and development project 3 $130,000 for advertising expenses to the new products 6. $370,000 for consultation services provided by Manama Co. during the research process Required: How much Muharraq Co. should record as Research & Development expense in 2020 (Show your calculations)