Question: Question 40 2.5 points Save An Falling Parachutes Inc. put some work on a new patent to slow down the fall of objects falling from
Question 40 2.5 points Save An Falling Parachutes Inc. put some work on a new patent to slow down the fall of objects falling from high altitudes. The patent will be used in a product that is not yet sold in the market by the company. The following expenditures were required in the lab where the patent was designed: Wages of scientists: $100,000 Materials used in testing: $50,000 Depreciation on Machines used in the lab: $20,000 The machines used in the lab were purchased from a vendor for $1,000,000 and will be used in other projects after the patent is complete. Falling Parachutes should recognize the following amount as an R&D expense: ASO. B. $100,000 C. $170,000 D. $1,170,000
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