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Description Research on several product models (materials, labor and overhead) Design and construction of prototypes Amount P 1,000,000 400,000 Construction and operation of the pilot plant where the prototypes will be used Cost of reporting on the prototypes. One prototype was deemed feasible upon 300,000 550,000 deliberation of the board of directors. The entity will pursue such product. Troubleshooting of the product 300,000 prototype Testing of the prototype Fees to register the product with the Department of Industry Marketing of the product Benefits given to the winning research and development team Sale of products created from the testing phase Commercial production (materials, labor and overhead) 255,000 30,000 3,000,000 240,000 180,000 1,000,000 Repairs during commercial production 230,000

Description Research on several product models (materials, labor and overhead) Design and construction of prototypes Amount P 1,000,000 400,000 Construction and operation of the pilot plant where the prototypes will be used Cost of reporting on the prototypes. One prototype was deemed feasible upon 300,000 550,000 deliberation of the board of directors. The entity will pursue such product. Troubleshooting of the product 300,000 prototype Testing of the prototype Fees to register the product with the Department of Industry Marketing of the product Benefits given to the winning research and development team Sale of products created from the testing phase Commercial production (materials, labor and overhead) 255,000 30,000 3,000,000 240,000 180,000 1,000,000 Repairs during commercial production 230,000

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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The following were incurred chronologically by ABC Corporation in relation to its research and development activities with regard to a product model and design.
 
 How much should be capitalized as Product Design?
 
*refer to attached photo 
Description Research on several product models (materials, labor and overhead) Design and construction of prototypes Construction and operation of the pilot plant where the prototypes will be used Cost of reporting on the prototypes. One prototype was deemed feasible upon Amount P 1,000,000 400,000 300,000 550,000 deliberation of the board of directors. The entity will pursue such product. Troubleshooting of the product 300,000 prototype Testing of the prototype Fees to register the product with the Department of Industry Marketing of the product Benefits given to the winning research and development team Sale of products created from the testing phase Commercial production (materials, labor and overhead) Repairs during commercial production 255,000 30,000 3,000,000 240,000 180,000 1,000,000 230,000
Transcribed Image Text:Description Research on several product models (materials, labor and overhead) Design and construction of prototypes Construction and operation of the pilot plant where the prototypes will be used Cost of reporting on the prototypes. One prototype was deemed feasible upon Amount P 1,000,000 400,000 300,000 550,000 deliberation of the board of directors. The entity will pursue such product. Troubleshooting of the product 300,000 prototype Testing of the prototype Fees to register the product with the Department of Industry Marketing of the product Benefits given to the winning research and development team Sale of products created from the testing phase Commercial production (materials, labor and overhead) Repairs during commercial production 255,000 30,000 3,000,000 240,000 180,000 1,000,000 230,000
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