Maxtor Technology incurred the following costs during the year related to the creation of a new type of personal computer monitor:
tableSalariesDepreciation on R&D facilities and equipment,Utilities and other direct costs incurred for the R&D facilities,Patent filing and related legal costs,Payment to another company for performing a portion of the development work,Costs of adapting the new monitor for the specific needs of a customer,
What amount should Maxtor report as research and development expense in its income statement?
Research and development expense
