Delaware company incurred the following research and development costs during 2021: salaries and wages for lab research $ 490,000 materials used in r& d projects 290,000 purchase of equipment 990,000 fees paid to third parties for r& d projects 410,000 patent filing and legal costs for a developed product 74,000 salaries, wages, and supplies for r& d work performed for another company under a contract 440,000 total $ 2,694,000 the equipment has a six-year life and will be used for a number of research projects. depreciation for 2021 is $210,000. calculate the amount of research and development expense that delaware should report in its 2021 income statement.

answer; encouraging the development of innovations by firms attempting to break a monopoly; (creative destruction)

this conflict is person vs. society

if you need further explanations, comment below!

hope this ! < 3

i believe the answer would have to be a dependable person

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know