Maxtor Technology incurred the following costs during the year related to the creation of a new type
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Maxtor Technology incurred the following costs during the year related to the creation of a new type of personal computer monitor:
What amount should Maxtor report as research and development expense in its income statement?
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Salaries Depreciation on R&D facilities and equipment Utilities and other direct costs incurred for the R&D facilities Patent filing and related legal costs Payment to another company for performing a portion of the development work Costs of adapting the new monitor for the specific needs of a customer $220,000 125,000 66,000 22,000 120,000 80,000
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