Research and Development Costs Are

question 77

Multiple Choice

Research and development costs are

• A)treated as an expense when incurred.
• B)capitalized but not amortized.
• C)capitalized and amortized over the periods that will probably benefit from the research and development.
• D)included with the cost of the patent resulting from the research and development.

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Definitions:

Forecasting Device

A tool or software used to predict future conditions or trends based on historical and current data analysis.

Phillips Curve

An economic concept that depicts an inverse relationship between the rate of inflation and the rate of unemployment over the short term.

Inflation

The measure at which prices for general goods and services escalate, devaluing the purchasing power.

Structural Unemployment

Unemployment resulting from industrial restructuring, technological changes, or other long-term factors, affecting the structure of the labor market.