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What amount should MaBelle record as research-development

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Reference no: EM132947094

Question - MaBelle Corporation incurred the following costs in 2010:

Acquisition of R&D equipment with a useful life of 4 years in R&D projects P600,000

Start-up costs incurred when opening a new plant 140,000

Advertising expense to introduce a new product 700,000

Engineering costs incurred to advance a product to full production stage (economic viability not achieved) 400,000

Required - What amount should MaBelle record as research & development expense in 2010?

Reference no: EM132947094

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