Compute the research and development expense

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Reference no: EM132631939

Question - During 2021, Sunland Co. incurred the following costs:

Testing in search for process alternatives $374000

Costs of marketing research for new product 244000

Modification of the formulation of a process 554000

Research and development services performed by Carla Vista Corp. for Sunland 469000

In Sunland's 2021 income statement, compute the research and development expense?

a. $554000.

b. $1023000.

c. $1397000.

d. $1641000.

Reference no: EM132631939

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