During 2020, Elysium Inc. incurred the following costs: Researeh Expense...................................................................................$360,000
Routine design of tools, jigs, moulds, and dies......................................$250,000$
Modification of the formulation of a process...........................................610,000
Development services performed by Orchard Corp. for Elysium .......... ${ 3 2 5 , 0 0 0 }$ Assuming the 6 specific conditions have been demonstrated, in 2020, Elysium Corp. would report development costs of
A) $ 1,545,000.
B) $ 1,295,000.
C) $ 935,000.
D) $ 610,000.

Question

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The Answer of During 2020, Elysium Inc. incurred the following costs: Researeh Expense...................................................................................$360,000
Routine design of tools, jigs, moulds, and dies......................................$250,000$
Modification of the formulation of a process...........................................610,000
Development services performed by Orchard Corp. for Elysium .......... ${ 3 2 5 , 0 0 0 }$ Assuming the 6 specific conditions have been demonstrated, in 2020, Elysium Corp. would report development costs of
A) $ 1,545,000.
B) $ 1,295,000.
C) $ 935,000.
D) $ 610,000.

During 2020, Elysium Inc 250,000250,000250,000 Modification of the Formulation of a Process

During 2020, Elysium Inc $250,000$ Modification of the Formulation of a Process