Treasure Land Corporation incurred the following costs in 2020. Cost of laboratory research aimed at discovery of new knowledge $120,000 Cost of testing in search for product alternatives 100,000 Cost of engineering activity required to advance the design of a product to the manufacturing stage 210,000 $430,000 Prepare the necessary 2020 journal entry or entries for Treasure Land.

Treasure Land Corporation incurred the following costs in 2020. Cost of laboratory research aimed at discovery of new knowledge $120,000 Cost of testing in search for product alternatives 100,000 Cost...

Treasure Land Corporation incurred the following costs in 2020.

Cost of laboratory research aimed at discovery of new knowledge	$120,000
Cost of testing in search for product alternatives	100,000
Cost of engineering activity required to advance the design of a product to the manufacturing stage	210,000
	$430,000

Prepare the necessary 2020 journal entry or entries for Treasure Land.

Jun 10, 2022

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