A company's R&D expenses for the years 2017, 2018 and 2019 were $900,000, $700,000, and $750,000, respectively. In 2020, R&D expenses are $1,400,000 and a pre-tax cost of debt is 12.5% and the useful economic life is 5 years. At the end of 2020, the value of R&D asset and the amortization charge for the year is?

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