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Calculate the R and D expense for the current period

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Reference no: EM132227650

Question - Cavinti Company provided the following information relevant to the research and development expenditures for the current year:

Current period depreciation on the building housing R and D activities P1,500,000

Cost of market research study 1,000,000

Current period depreciation on a machine used in R and D activities 500,000

Salary of R and D director 1,200,000

Salary of Vice-President who spends ¼ of his time overseeing R and D activities 2,400,000

Pension costs for salary of R and D director 50,000

Pension costs for salary of Vice-President 100,000

Calculate the R and D expense for the current period?

Reference no: EM132227650

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