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10 May, 09:03

Apple, Inc. reported research and development expense of $10,045 million on its 2016 income statement. This expense included many types of costs. Which of the following types of costs would not be included in the $10,045 million? Group of answer choices Salaries and wages for R&D personnel Costs of applying for FDA approval Depreciation on equipment used in experiments Supplies and inventory related to R&D activities and new-product sales None of the above

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  1. 10 May, 09:28
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    Supplies and inventory related to R&D activities and new-product sales

    Explanation:

    In the given scenario Apple has reported a research and development expense of $10,045 million in 2016.

    Only items related exclusively to reasearch and development activities will be included in this amount. This will include:

    -Salaries and wages for R and D staff

    -Costs of applying for FDA approval

    -Depreciation on equipment used in experiments

    These are exclusively for R and D purposes.

    However Supplies and inventory related to R&D activities and new-product sales, also includes sales activities. So it will not be part of the R and D expense.
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