Celina Company incurred the following research and developments costs in the current year: Materials used in research and development projects. 400,000 Equipment acquired that will have alternate future use in future Research and Development projects 2,000,000 Depreciation on above equipment. 500,000 Personnel costs of persons involved in research and development projects. 1,000,000 Consulting fees paid to outsiders for research and development projects. 100,000 Indirect costs reasonably allocable to research and development projects. 200,000 What amount of research and development costs should be expensed in current year? A. 1,500,000 B. 1,700,000 C. 2,200,000 D. 3,500,000

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A:

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A:

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