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What amount should Carla Vista report as research

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Reference no: EM132938484

Question - Carla Vista Corporation incurred the following costs in 2021:

Acquisition of R&D equipment with a useful life of 4 years in R&D projects $940000

Start-up costs incurred when opening a new plant 147000

Advertising expense to introduce a new product 840000

Engineering costs incurred to advance a product to full production stage 733000

Required - What amount should Carla Vista report as research & development expense in 2021?

Reference no: EM132938484

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