Reference no: EM132227650
Question - Cavinti Company provided the following information relevant to the research and development expenditures for the current year:
Current period depreciation on the building housing R and D activities P1,500,000
Cost of market research study 1,000,000
Current period depreciation on a machine used in R and D activities 500,000
Salary of R and D director 1,200,000
Salary of Vice-President who spends ¼ of his time overseeing R and D activities 2,400,000
Pension costs for salary of R and D director 50,000
Pension costs for salary of Vice-President 100,000
Calculate the R and D expense for the current period?