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What is the amount of research and development costs

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1. In 2014, Barry Sanders Corporation incurred research and development costs as follows: Equipment $ 200,000

Personnel 300,000

Indirect costs 100,000

Total $ 600,000

These costs relate to a product that will be marketed in 2015. It is estimated that these costs will be recouped by December 31, 2017. The equipment has no alternative future use. What is the amount of research and development costs that should be charged to income in 2014?

Reference no: EM13872281

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