During the year,Green,Inc.,incurs the following research expenditures: Green's qualifying research expenditures for the year are:

Question

During the year,Green,Inc.,incurs the following research expenditures:  Green's qualifying research expenditures for the year are:

Quizplus · Accepted Answer

Green, Inc.'s qualifying research expenditures for the year are the sum of the costs incurred for in-house research and contracted research, but less excluded expenditures such as market research or acquisition of another company's patent. 
Therefore, Qualifying research expenditures = $100,000 (in-house research) + $40,000 (contracted research - subject to the 65% limitation) + $9,000 (portion of the contract research exceeding the 65% limitation) + $10,000 (non-excluded computer-based technology). 
Thus, the total qualifying research expenditures for Green, Inc. are $159,000.

During the Year,Green,Inc