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The Walters Company made the following expenditures for research and development early in 2010: $40,000...

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Accounting

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The Walters Company made the following expenditures for research and development early in 2010: $40,000 for materials, $50,000 for contract services, $40,000 for employee salaries, and $400,000 for a building with an expected life of 20 years to be used for current and future research projects. Walters uses straight-line depreciation. The company allocated S10,000 in overhead to research and development. What is Walters' research and development expense for 2010? a. $100,000 b. $110,000 c. $160,000 d. $350,000 10. 11. Which of the following research and development costs should always be capitalized? costs of intangibles purchased from others costs of materials, equipment, and intangibles with alternative future uses purchased from others costs of equipment with an expected life greater than three years costs of contract services purchased from others a. b. c. d. FATSUUIO P SERVING

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