Salaries Depreciation on R&D; facilities and equipment Utilities and other direc

Question

Salaries Depreciation on R&D; facilities and equipment Utilities and other direct costs incurred for the R&D; facilities Patent filing and related legal costs Payment to another Costs of adapting the $220,000 125,000 66,000 22,000 for perfor monitor for the specific needs new monitor torminportion of the development wo 80,000 d Maxtor report as research and development expense in ts of a customer In February 2018, Culverson Company began developing a allows people to enter health information and track ! The project was completed in Novemh technological feasibility wa total revenues of costs it nftware pr

Explanation / Answer

Maxtor report research and development expense as follows:

Total R&D expense =Salaries+ depreciation on R&D facilities and equipment+ utilities and other direct costs+ payment to another company.

Total R&D expense:

=$220,000+$125,000+$66,000+$120,000

=$531,000

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