Question
XPO Company incurred the following costs during the year: Research and development costs $112,000 Patent 22,500 Trademark 27,500 Marketing costs 40,000 Copyright 62,750 Calculate the
XPO Company incurred the following costs during the year:
| Research and development costs | $112,000 |
| Patent | 22,500 |
| Trademark | 27,500 |
| Marketing costs | 40,000 |
| Copyright | 62,750 |
Calculate the total amount of costs that should be capitalized.
a $224,750
b $264,750
c $172,750
d $112,750
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
