Question: Genesis Computer Company builds custom computerized machinery and technology for clients who build, buy, and ship inventory. In the current tax year, they incurred expenses

Genesis Computer Company builds custom computerized machinery and technology for clients who build, buy, and ship inventory. In the current tax year, they incurred expenses totaling $525,000 on research and development to create a new laser tracking technology. The new technology tracks the status of each individual piece of all products from the time it begins to be built or is purchased through the point that it is shipped, which improved efficiency and real time access to data. Genesis also purchased a laser engraver for $75,000 that allows them to add their client's logo to their customized machinery. What is the amount of qualified research and development expenses that qualify for the research credit? Question 79Select one: a. $ 75,000 b. $ 0 c. $525,000 d. $600,000

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