Which of these expenditures are deductible as R&E costs under Sec. 174 and how much is the
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Question:
Which of these expenditures are deductible as R&E costs under Sec. 174 and how much is the amount deduction?
Materials and supplies for research - 80,000
Utilities and depreciation on research laboratory and equipment - 40,000
Costs of acquiring another entity's patent for a new product - 20,000
Market research salaries for surveys - 60,000
Labor and supplies for quality control tests - 50,000
Research costs subcontracted to a local university - 35,000
Total - 285,000
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