Multiple Choice Accounting Problems (Simple)

Question 10 [1 point] Albanv Inc incurred the following costs during the year ended December 31, 2014-. Labl'atw research aimed at discovery.r of new knowledge $240,000 Design of new products involving new technologv................... .. 0?,000 Testing of new products 53.000 Construction of research and development facilities.......................... 360.000 Assuming the o specific conditions have been demonstrated for development costs. the total amount that is eligible to be capitalized for 2014 is 0a]: $145.ooo. Ob} $2do,ooo. 0c} Bamboo. Q d] swoops. Question 9 (1 point) Three years ago, a company purchased an asset with a cost of $300,000. The asset has a useful life of 10 years. It's estimated that the asset will produce 100,000 units. Residual value is $15,000. In the current year, the asset produce 9,000 units. If the company uses the straight-line method of depreciation, how much depreciation should be record in the current year? O $42,000 $30,000 $28,500 $27,000