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What total amount of costs expensed for maribeth company

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Reference no: EM132592965

Maribeth Company made the following expenditures relating to Product Zee:

Legal costs to file a patent on Product Zee. Production of the finished product would not have been undertaken without the patent 100,000 Special equipment to be used solely for development of Product Zee. The equipment has no other use and has an estimated useful life of four years 600,000

  • Labor and material costs incurred in producing a prototype model 2,000,000
  • Cost of testing the prototype 800,000

Question 1: What total amount of costs should be expensed when incurred?

A. 2,800,000

B. 2,950,000

C. 3,400,000

D. 3,500,000

Reference no: EM132592965

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