During the current year, a ABC company incurred the following costs: $ R&D services performed by XYZ
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Question:
During the current year, a ABC company incurred the following costs:
| $ | |
|---|---|
| R&D services performed by XYZ for ABC | 18565 |
| R&D performed by ABC for QRS | 14460 |
| Design, construction, and testing of preproduction prototypes and models | 49847 |
| Testing in search for new products or process alternatives | 37445 |
The amount ABC should report as R&D expense is:
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