Expenditures that mariappan incorporated be capitalized


Question: Mariappan Incorporated incurred the following expenditures: $19,000 cost to develop and register a patent; $24,000 cost of annual property tax on its production facilities; $85,000 cost to install a high-tech surveillance and alarm system on the company's distribution center; $7,000 cost of fees paid to diversity and inclusion training consultants. The total amount of these expenditures that Mariappan Incorporated should be capitalized are?

 

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Expenditures that mariappan incorporated be capitalized
Reference No:- TGS03418042

Expected delivery within 24 Hours