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Delaware company incurred the following research

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Reference no: EM13999316

Delaware Company incurred the following research and development costs during 2011:

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The equipment has a seven-year life and will be used for a number of research projects. Depreciation for 2011 is $120,000.

Required:

Calculate the amount of research and development expense that Delaware should report in its 2011 income statement.

Reference no: EM13999316

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