Blue Corporation incurred the following costs in 2020. Cost of laboratory research aimed at discovery of new knowledge $185,000 Cost of testing in search for product alternatives Cost of engineering activity required to advance the design of a product to the manufacturing stage 222,000 $507,000 Prepare the ecessar 2020 journal entry or entries for Blue.
Blue Corporation incurred the following costs in 2020. Cost of laboratory research aimed at discovery of new knowledge $185,000 Cost of testing in search for product alternatives Cost of engineering activity required to advance the design of a product to the manufacturing stage 222,000 $507,000 Prepare the ecessar 2020 journal entry or entries for Blue.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter12: Intangibles
Section: Chapter Questions
Problem 13E
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Good morning
12 mayo 11:00 pre 21
![Blue Corporation incurred the following costs in 2020.
Cost of laboratory research aimed at discovery of new knowledge $185,000
Cost of testing in search for product alternatives
Cost of engineering activity required to advance the design of a
product to the manufacturing stage
222,000
$507,000
Prepare the ecessar 2020 journal entry or entries for Blue.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb63ceb03-d098-4c6f-a4fd-03e061664046%2F53bf6028-2050-40f3-80b7-d3e09984fa4b%2Fgfsjm2v.jpeg&w=3840&q=75)
Transcribed Image Text:Blue Corporation incurred the following costs in 2020.
Cost of laboratory research aimed at discovery of new knowledge $185,000
Cost of testing in search for product alternatives
Cost of engineering activity required to advance the design of a
product to the manufacturing stage
222,000
$507,000
Prepare the ecessar 2020 journal entry or entries for Blue.
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