(Answered) Ball co incurred research and development costs in 2004 as

Accounting

Ball Co. incurred research and development costs in 2004 as follows:
Material used in research and development projects $540,000
equipment acquired that will have alternate future uses in future research and development projects $4,600,000
depreciation for 2004 on above equipment $360,000
personnel costs of persons involved in research and development projects $660,000
consulting fees paid to outsiders for research and development projects 180,000
indirect costs reasonably allocable to research and development projects 270,000
Total: $6,610,000
The amount of research and development costs charged ago Ball's 2004 income statement should be
a) 1,560,000
b)1,740,000
c)1,010,000
d) none of the above.

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