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Blue Corporation incurred the following expenses in connection with the development of a new product...

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Accounting

Blue Corporation incurred the following expenses in connection with the development of a new product in 2022:
Salaries
$100,000
Utilities
18,000
Materials
25,000
Advertising
5,000
Market survey
3,000
Depreciation on machine
9,000
Blue expects to begin selling the product on July 1,2023. Determine the amount of Blues deduction for research and development expenditures 2022. What amount would be deducted in 2023?
Compare the current and former tax treatment of R&D expenditures in this situation. Which tax approach was/is more beneficial to the taxpayer?

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