West Coast Growers incurs the following costs during the year related to the creation of a new
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Salaries for R&D ....................... $ 540,000
Depreciation on R& D facilities and equipment .......... 145,000
Utilities incurred for the R& D facilities ............. 7,000
Patent filing and related legal costs ............... 27,000
Payment to another company for part of the development work ..... 13,000
What amount should West Coast Growers report as research and development (R& D) expense in its income statement?
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Technician salaries for RD 540000 Depreciation on RD facilities and eq...View the full answer
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Related Book For 
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
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