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Business, 21.08.2020 18:01 KariSupreme

During the current year, Orr Company incurred the following costs: Research and development services performed by Key Corp. for Orr $ 150,000 Design, construction, and testing of preproduction prototypes and models 200,000 Testing in search for new products or process alternatives 175,000 In its income statement for the current year, what amount should Orr report as research and development expense

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