Unless an Election Is Made to Expense or Defer and Amortize

question 59

True/False

Unless an election is made to expense or defer and amortize research and experimental expenditures,these costs must be capitalized.

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Definitions:

Personal Property

Property that is movable, as opposed to real estate. It includes items like furniture, vehicles, and electronic devices.

Intermixing

The act of mixing or blending together different elements or substances.

Constitution

The fundamental principles or established precedents according to which a state or other organization is governed.

Property Ownership

The legal right or title that an individual or entity has over property, including the right to use, sell, lease or transfer it.