Question: Exercise 7-27 (Algorithmic) (LO. 5) Sandstorm Corporation decides to develop a new line of paints. The project begins in 2023 in the U.S. Sandstorm incurs

Exercise 7-27 (Algorithmic) (LO. 5)

Sandstorm Corporation decides to develop a new line of paints. The project begins in 2023 in the U.S. Sandstorm incurs the following expenses in 2023 in connection with the project:

Salaries $157,200
Materials 47,160
Depreciation on equipment 23,580

The benefits from the project will be realized starting in July 2024. If an amount is zero, enter "0".

Sandstorm Corporation capitalizes and amortizes its research and experimental expenditures. What are its related deductions in 2023 and 2024? 2023: $fill in the blank 1 2024: $fill in the blank 2

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