Business, 01.07.2020 15:01 liyahheadhigh

Sheridan Inc. incurred the following costs during the year ended December 31, 2021: Laboratory research aimed at discovery of new knowledge $300000 Costs of testing prototype and design modifications 62000 Quality control during commercial production, including routine testing 264000 of products Construction of research facilities having an estimated useful life of 6 years but no alternative future use 360000 The total amount to be classified and expensed as research and development in 2021 is:. a. $986000.
b. $722000.
c. $422000.
d. $686000.

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Sheridan Inc. incurred the following costs during the year ended December 31, 2021: Laboratory resea...