Question: Delaware Company incurred the following research and development

Delaware Company incurred the following research and development costs during 2011:


The equipment has a seven-year life and will be used for a number of research projects. Depreciation for 2011 is $120,000.

Required:
Calculate the amount of research and development expense that Delaware should report in its 2011 incomestatement.
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  • CreatedJuly 02, 2013
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