Maxtor Technology incurred the following costs during the year related to the creation of a new type of personal computer monitor: Salaries Depreciation 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 $300,000 165,000 74,000 30,000 160,000 88,000 What amount should Maxtor report as research and development expense in its income statement? Research and development expense
