18) MaBelle Corporation incurred the following costs in 2015:
Acquisition of R & D equipment with a useful life of 4 years in R & D projects $ 800,000
Start-up costs incurred when opening a new plant 140,000
Advertising expense to introduce a new product 700,000
Engineering costs incurred to advance a product to full production stage 500,000
What amount should MaBelle record as research & development expense in 2015?
19) Jenks Corporation acquired Linebrink Products on January 1, 2015 for $ 8,000,000, and recorded goodwill of $ 1,500,000 as a result of that purchase. At December 31, 2015, Linebrink Products had a fair value of $ 6,800,000. The net identifiable assets of the Linebrink( excluding goodwill) had a fair value of