ChocoHealth Inc

question 36

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.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.