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Elastic Enterprisen had the following transactions occur during the year. - Purohased testing equipment that...

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Elastic Enterprisen had the following transactions occur during the year. - Purohased testing equipment that will be uned for multiple RaD projects for $95,500 on january ft.. The equipmant has a fiveyear life and a saluage value of 5.,000. - Purchased tesiting equiprnent on Jsly 1= than wil be uned for one RsD proiect for 557,000 . The equipmant has a two-year life and no salvage value. - Paid $210,000 in nsilaries tar scierntists working in PaD. - Purchased seb,, 000 in materals to develop a prototype for a new solar panel. The compary obtained a patent on December 31 for the new design. The patert application fee was $3,400. If Elastic depreciates any capitalzed equipment using the straight-line method, how much RsD expense does the company reoognize for the year? None of these choices 314,200431,500332,600350,700279,000

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