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Candalibra Company incurred the following costs during the year ended December 31, 2017: ...

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Accounting

Candalibra Company incurred the following costs during the year ended December 31, 2017:

Laboratory research aimed at discovery of new knowledge

$300,000

Costs of testing prototype and design modifications (economic viability not achieved)

65,000

Quality control during commercial production, including routine testing of products

220,000

Construction of research facilities having an estimated useful life of 12 years but no alternative future use

410,000

What is the total amount to be classified and expensed as research and development in 2017?

A) $285,000

B) $685,000

C) $775,000

D) $995,000

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