How much of the saints corporation research costs could be

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Reference no: EM132795295

The following three cases are independent of each other:

In 2020, Saints Corporation incurred research costs as follows:

Materials and supplies $ 60,000

Personnel 65,000

Indirect costs-allocated 80,000

205,000

These costs relate to a product that Saints expects to market in 2021. It is estimated that the above listed costs will be recouped by December 31, 2023.

Instructions

Problem 1: How much of the Saints Corporation's research costs could be capitalized in 2020? Show all your calculation and provide a brief explanation of your rationale.

Reference no: EM132795295

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