The following costs are incurred by Everlasting Corporation in 2022: a. Cost of activities aiming new knowledge P150,000 b. Cost of developing and producing prototype model 30,000 c. Cost of seminars to introduce the newly develop product 120,000 d. Advertisement cost to introduce the newly develop product 60,000 e. Cost incurred for search of alternatives 35,000 f. Cost of final selection of possible alternatives 50,000 g. Cost of machine
The following costs are incurred by Everlasting Corporation in 2022:
|
a. Cost of activities aiming new knowledge |
P150,000 |
|
b. Cost of developing and producing prototype model |
30,000 |
|
c. Cost of seminars to introduce the newly develop product |
120,000 |
|
d. Advertisement cost to introduce the newly develop product |
60,000 |
|
e. Cost incurred for search of alternatives |
35,000 |
|
f. Cost of final selection of possible alternatives |
50,000 |
|
g. Cost of machine acquired to be used only in an R&D project |
300,000 |
|
h. Cost of engineering follow through in an early phase of commercial production |
50,000 |
|
i. Adaptation of an existing capability to particular customers need |
36,000 |
|
j. Salaries of employees involved in R&D |
480,000 |
|
k. Radical modification to the formulation of a chemical product |
40,000 |
|
l. Laboratory research aimed at discovery of new technology |
58,000 |
|
m. Cost of testing the prototype and safety features |
100,000 |
|
n. Cost of revision of the design of the prototype model |
250,000 |
How much of the above items is reported as research and development cost in 2022?
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