The cost of installing lights in the parking lot should be recorded as: Select one: O a land b. land improvements. Oc building O d. equipment O e None of these choices. Clear my choice 3 Lamar Corporation incurred the following costs in Year 20XX Acquisition of R&D equipment with a useful life of 4 years in R&D projects Start-up costs incurred when opening a new plant Advertising expense to introduce a new product Engineering costs incurred to advance a product to full production stage tion $800,000 140,000 700,000 500,000 What amount should Lamar record as research & development expense in Year 20XX? Select one O a $700,000 O b. $ 940,000 Oc$1,300,000 Od $1.440,000