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What the amount of research and development costs charged

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Reference no: EM132569876

Hall Co. incurred research and development costs in 2011 as follows:

Materials used in research and development projects 450,000

Equipment acquired that will have alternate future uses in future research and development projects 3,000,000

Depreciation for 2011 on above equipment 300,000

Personnel costs of persons involved in research and development projects 750,000

Consulting fees paid to outsiders for research and development projects 300,000

Indirect costs reasonably allocable to research and development projects 225,000

Total 5,025,000

Question 1: The amount of research and development costs charged to Hall's 2011 income statement should be

Select one:

Option a. P1,500,000.

Option b. P2,025,000.

Option c. P4,500,000.

Option d. P1,900,000.

Reference no: EM132569876

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