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Compute the research and development expense

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    Assignment ID: FG132631939

    Question – During 2021, Sunland Co. incurred the following costs:

    Testing in search for process alternatives $374000

    Costs of marketing research for new product 244000

    Modification of the formulation of a process 554000

    Research and development services performed by Carla Vista Corp. for Sunland 469000

    In Sunland’s 2021 income statement, compute the research and development expense?

    a. $554000.

    b. $1023000.

    c. $1397000.

    d. $1641000.

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