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What amount should Wildhorse report

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Reference no: EM132943101

Question - Wildhorse Corporation incurred the following costs in 2021:

Acquisition of R&D equipment with a useful life of 4 years in R&D projects $852000

Cost of making minor modifications to an existing product 137000

Advertising expense to introduce a new product 670000

Engineering costs incurred to advance a product to full production stage 770000

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

Reference no: EM132943101

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