Martin Inc. incurred the following costs during the year ended December 31, 2008: The total amount to be classified and expensed as research and development in 2008 is
A) $555,000.
B) $855,000.
C) $585,000.
D) $285,000.

Name: Martin Inc. incurred the following costs during the year ended December 31, 2008: The total amount to be classified and expensed as research and development in 2008 is A) $555,000. B) $855,000. C) $585,000. D) $285,000.
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Question

Martin Inc. incurred the following costs during the year ended December 31, 2008:  The total amount to be classified and expensed as research and development in 2008 is
A) $555,000. 
B) $855,000. 
C) $585,000. 
D) $285,000.

Quizplus · Accepted Answer

$180,000 + $45,000 + $360,000 = $585,000.