Question: Suppose a company spends $200,000 in the current year to research and develop a navigation device for hikers. By the end of the year, the company estimates that the new navigation device has a 70% chance of generating $500,000 in revenues from sales to customers over the next four years.
For what amount would the company report research and development expense in the current year?
A. $200,000
B. $140,000
C. $400,000
D. $0
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