West coast growers incurs the following costs during the, Financial Accounting

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West coast growers incurs the following costs during the

West Coast Growers incurs the following costs during the year related to the creation of a new disease-resistant tomato plant.

Salaries for R&D $530,000

Depreciation on R&D facilities and equipment 144,000

Utilities incurred for the R&D facilities 6,900

Patent filing and related legal costs 26,500

Payment to another company for part of the development work 12,800

What amount should West Coast Growers report as research and development (R&D) expense in its income statement?

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Financial Accounting: West coast growers incurs the following costs during the

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