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what is the amount that will be capitalized as part of the cost of proto XYZ? what total amount of costs should be declared as
what is the amount that will be capitalized as part of the cost of proto XYZ? what total amount of costs should be declared as an expense when incurred?
Sana Tama Ako Corp, incurred the following expenditures relating to the creation and development of Protype XYZ: Legal cost in the application of a patent on Proto XYZ - Production of the finished product would is highly unlikely without the patent. Cost of testing Proto XYZ Labor and material costs incurred in the creation of a prototype model Special equipment to be used solely for development of Pmeduf F. The equipment has no other use and has an estimated useful life of four years. 215,000 835,000 1,565,000 1,200,000 9. What is the amount that will be capitalized as part of the cost of Proto XYZ? 10. What total amount of costs should be declared as an expense when incurredStep by Step Solution
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