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What the total R-D expenses reported

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Problem - Frye Company incurred R&D costs in 2019 as follows:

Equipment acquired for use in multiple R&D projects $1,000,000

Depreciation on the equipment 150,000

Materials used 200,000

Wages and salaries of R&D personnel 500,000

Outside consulting fees 100,000

Appropriately allocated indirect costs 250,000

Required - What the total R&D expenses reported in Frye's 2019 income statement?

Reference no: EM132887296

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