Dover Inc. incurred the following costs during the year ended December 31, 2020: Laboratory research aimed...
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Dover Inc. incurred the following costs during the year ended December 31, 2020: Laboratory research aimed at discovery of new knowledge $80,000 Design of new products involving new technology 29,000 Testing of new products 19,000 Construction of research and development facilities 120,000 Assuming the 6 specific conditions have been demonstrated, the total amount to be classified as development costs (either deferred or capitalized) in 2020 is Ⓒ$48,000. $80,000. Ⓒ$109,000. Ⓒ $200,000. Dover Inc. incurred the following costs during the year ended December 31, 2020: Laboratory research aimed at discovery of new knowledge $80,000 Design of new products involving new technology 29,000 Testing of new products 19,000 Construction of research and development facilities 120,000 Assuming the 6 specific conditions have been demonstrated, the total amount to be classified as development costs (either deferred or capitalized) in 2020 is Ⓒ$48,000. $80,000. Ⓒ$109,000. Ⓒ $200,000.
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Related Book For
Intermediate Accounting 2014 FASB Update
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Posted Date:
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