Sandoval Inc.incurred the following costs during the year ended December 31, 2017: Assuming the 6 specific conditions have been demonstrated, the total amount to be classified as development costs (either deferred or capitalized)in 2017 is
A)$145,000.
B)$240,000.
C)$327,000.
D)$600,000.

Question

Sandoval Inc.incurred the following costs during the year ended December 31, 2017:  Assuming the 6 specific conditions have been demonstrated, the total amount to be classified as development costs (either deferred or capitalized)in 2017 is
A)$145,000. 
B)$240,000. 
C)$327,000. 
D)$600,000.

Quizplus · Accepted Answer

The Answer of Sandoval Inc.incurred the following costs during the year ended December 31, 2017:  Assuming the 6 specific conditions have been demonstrated, the total amount to be classified as development costs (either deferred or capitalized)in 2017 is
A)$145,000. 
B)$240,000. 
C)$327,000. 
D)$600,000.