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

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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