Business, 23.05.2020 20:00 lovelarissa

Sheridan Co. incurred research and development costs in 2021 as follows: Materials used in research and development projects $ 915000 Equipment acquired that will have alternate future uses in future research and development projects 2650000 Depreciation for 2021 on above equipment 441666 Personnel costs of persons involved in research and development projects 715000 Consulting fees paid to outsiders for research and development projects 265000 Indirect costs reasonably allocable to research and development projects 190000 $5176666 The amount of research and development costs charged to Sheridan's 2021 income statement should be a. $2071666. b. $1895000. c. $2526666. d. $4545000.

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Sheridan Co. incurred research and development costs in 2021 as follows: Materials used in research...

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