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The equipment has a eight-year life and will be used for a number of research projects. Depreciation for 2024 is $160,000. Required: Calculate the amount

image text in transcribed The equipment has a eight-year life and will be used for a number of research projects. Depreciation for 2024 is $160,000. Required: Calculate the amount of research and development expense that Delaware should report in its 2024 income statement

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