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________destroyed the city of St. Pierre, Martinique in 1902.
Research Costs
Expenditures related to activities undertaken to gain new knowledge or understanding to develop new products, processes, or services; often a significant part of a company's innovation efforts.
Capitalized
In accounting, this term refers to recording an expense or cost as a capital asset on a balance sheet, rather than as an expense on the income statement.
Tangible Asset
Physical assets that can be touched and have a finite monetary value, such as buildings, machinery, and equipment.
Property, Plant, Equipment
Property, plant, and equipment (PP&E) are long-term tangible assets that are used in the operations of a business and are subject to depreciation.
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