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For what amount should company report research expense

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Question - A company incurred the following costs related to research and development (R&D) for the current year:

R&D salaries $124,000 R&D supplies consumed 244,000 Equipment used in R&D projects 604,000 Payment for services to others for R&D projects 164,000 Purchase of in-process R&D in a business acquisition 84,000

The equipment will be used in other projects. Depreciation in the current year is $74,000. For what amount should the company report research and development expense?

Reference no: EM132794573

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