A company incurred the follow costs related to research and development for the current year:     Technology development (salaries and supplies) $ 336,000   Engineering work performed by another company   166,000   Purchase of equipment   766,000   Testing new models   76,000   Legal fees for patent application   46,000     The equipment will be used in other projects. Depreciation in the current year is $106,000. For what amount should the company report research and development expense?   Multiple Choice   $524,000.   $684,000.   $730,000.   $534,000.

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