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Personnel

130,000

Indirect costs 150,000

$390,000

These costs relate to a product that will be marketed in 2016. It
is estimated that these costs will be recouped by December 31,
2018. The equipment has no alternative future use. What is the
amount of research and development costs that should be
expensed in 2015?

19) The carrying value of an intangible is

20) Under current accounting practice, intangible assets are
classified as