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Home Q & A Board Other Fields Homework Help Business Accounting
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jboutdy jboutdy
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Posts: 286
Rep: 13 0
5 years ago
Candalibra Company incurred the following costs during the year ended December 31, 2017:

Laboratory research aimed at discovery of new knowledge$290,000
Costs of testing prototype and design modifications (economic viability not achieved)65,000
Quality control during commercial production, including routine testing of products210,000
Construction of research facilities having an estimated useful life of 12 years but no alternative future use400,000

What is the total amount to be classified and expensed as research and development in 2017?
A) $275,000
B) $565,000
C) $755,000
D) $965,000
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
Authors:
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han12han12
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5 years ago
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jboutdy Author
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#2
5 years ago
Commenting just to show my support for informative posts like this, keep it up 10/10
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#3
5 years ago
That helps more than you thinks, thanks for being so thoughtful
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