Question: The answer is P940,000 . I just need the complete solution. Layla Company made expenditures for the following: Cost of purchased building to be used

The answer is P940,000. I just need the complete solution.

Layla Company made expenditures for the following: Cost of purchased building to be used in various Ran projects Depreciation on the building described above Cost of machine acquired to be used on only one R&D project Modification to the formulation of a chemical product Laboratory research aimed at discovery of new technology How much is recognized as research and development expense? P400.000 32.000 800,000 60,000 48,000

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