Examlex
Under US GAAP and IFRS, research and development costs are:
I. Research costs are expensed as incurred
II. Development costs are expensed as incurred
III. Research costs are capitalized and amortized over time
IV. Development costs are capitalized and amortized over time.
MEO
Medium Earth Orbit, a designation for the orbit of satellites that reside in an orbit roughly between 2,000 and 35,786 kilometers above the Earth's surface.
Calibrated Instrument
A calibrated instrument is a device that has been tested and adjusted to ensure its accuracy and reliability in measurement, according to specified standards.
Federally Issued
Documents, currency, regulations or identification that are produced or sanctioned by the central government of a country.
Registered
Officially recorded or listed in a specific registry or database, typically to acknowledge ownership, compliance, or qualification.
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