Accounting Rules Give Specific Instructions on Whether to Expense or Capitalize

question 76

Essay

Accounting rules give specific instructions on whether to expense or capitalize research and development costs and advertising costs. List the rules associated with these two costs.

---

Definitions:

Agonist

A drug that mimics or increases a neurotransmitter’s effects.

Antagonist

An antagonist is a substance that blocks or dampens the effects of a neurotransmitter or hormone, or a character in a story who opposes the protagonist.

Neurotransmitter

Substances that carry messages from one nerve cell to another through the synaptic gap within the nervous system.

Blood Oxygen

A measure of the amount of oxygen carried by the blood, critical for the functioning of vital organs and typically assessed via pulse oximetry or blood gas tests.