The entity incurred the following expenses in developing a new technology Research for new technology 2,000,000 Design of prototype 3,000,000 Registration for patent 1,000,000 Cost of producing the actual product 20,000,000 How much is the research and development expense? O 5,000,000 O 8,000,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The entity incurred the following expenses in developing a new technology
Research for new technology
2,000,000
Design of prototype
3,000,000
Registration for patent
1,000,000
Cost of producing the actual product
20,000,000
How much is the research and development expense?
5,000,000
O 8,000,000
O 26,000,00O
O 6,000,000
Transcribed Image Text:The entity incurred the following expenses in developing a new technology Research for new technology 2,000,000 Design of prototype 3,000,000 Registration for patent 1,000,000 Cost of producing the actual product 20,000,000 How much is the research and development expense? 5,000,000 O 8,000,000 O 26,000,00O O 6,000,000
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