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Find what total amount should be recognized as research

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Reference no: EM132592991

West Company purchased two machines for P1,000,000 each at the beginning of current year. The machines were put into use immediately.

Machine A has a useful life of 5 years and can be used only in one research project.

Machine B will be used for 2 years on a research and development project and then used by the production division for an additional 8 years. The straight line method of depreciation is used.

Question 1: What total amount should be recognized as research and development expense for the current year?

Reference no: EM132592991

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