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What amount should West Coast Growers report as research

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Reference no: EM133051980

Question - West Coast Growers incurs the following costs during the year related to the creation of a new disease-resistant tomato plant.

Salaries for R&D

$510,000

Depreciation on R&D facilities and equipment

142,000

Utilities incurred for the R&D facilities

6,700

Patent filing and related legal costs

25,500

Payment to another company for part of the development work

12,400

Required - What amount should West Coast Growers report as research and development (R&D) expense in its income statement?

Reference no: EM133051980

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