ChocoHealth Inc. is developing new chocolate products providing abundant health benefits at low calorie counts. For the past three years, it spent an average of $500,000 per year on research. This year ChocoHealth has spent $900,000 on research. The company has elected the simplified credit. For the current year, it will earn a research credit of
A) $80,000.
B) $126,000.
C) $54,000.
D) $91,000.
Correct Answer:
Verified
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