with solution please

Question 49 2 pts Mighty Corporation incurred the following costs in 2021; Acquisition of R&D equipment with a useful life of 4 years in R&D projects P500,000 Start-up costs incurred when opening a new plant 140,000 Advertising expense to introduce a new product 700,000 Engineering costs incurred to advance a product to full production stage (economic viability not achieved) 400,000 What amount should Mighty record as research & development expense in 2021? O P 525.000 P1.040,000 O P 900.000 OP 640,000