(Solved): A company incurred the following costs related to research and development for the current year: Sa ...

A company incurred the following costs related to research and development for the current year: Salaries for research employees Developed technology purchased in a business acquisition In-process R\&D purchased in a business acquisition Supplies used in research projects Research performed for sale to another company in the future For what amount should the company report research and development expense? ig costs related to research and development for the current \( \begin{array}{lr} & \$ 500,000 \\ \text { chloyees } & 250,000 \\ \text { chased in a business acquisition } & 150,000 \\ \text { in a business acquisition } & 120,000 \\ \text { ch projects } & 80,000 \\ \text { sale to another company in the future } & \end{array} \) mpany report research and development expense? \( \$ 700,000 \) \( \$ 1,100,000 \) \( \$ 620,000 \) \( \$ 770,000 \)