Used for both r&d projects and other projects

Assignment Help Accounting Basics

Reference no: EM131130079

Company J incurs the following costs:

(a) Construction of a building to be used for both R&D projects and other projects

(b) Purchase of a machine to be used exclusively for the creation of a prototype for a new product

(d) Same as the previous case, except that the salaries are billable to Science Corp.

(e) Legal fees to obtain a patent on a new heart machine

(f) Market research fees to determine selling price of a new product

(g) Costs of testing a prototype

(h) Engineering costs incurred to advance a prototype to the full production stage

(i) Cost of routine design of tools and jigs

Determine for each of the above if it is to be capitalized or expensed.

Reference no: EM131130079

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