Harrison Company Paid the Annual Fee of $30,000 for an Equipment

Multiple Choice

Harrison Company paid the annual fee of $30,000 for an equipment maintenance contract on July 1, the first day of its second quarter and incurred research costs in the same quarter of $12,000.The research did not prove to be fruitful.Harrison should recognize the following expense amount in the second quarter:

A) ​$10,500
B) ​$11,500
C) ​$19,500
D) $42,000​