Multiple Choice
ChocoHealth Inc.is developing new chocolate products providing abundant health benefits at low calorie counts.For the past three years,it spent an average of $500,000 per year on research.This year ChocoHealth has spent $900,000 on research.The company has elected the simplified credit.For the current year,it will earn a research credit of
A) $54,000.
B) $126,000.
C) $80,000.
D) $91,000.
Correct Answer:
Verified
Correct Answer:
Verified
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