Which of the Following Costs Normally Is Expensed in the Year

question 66

Multiple Choice

Which of the following costs normally is expensed in the year incurred,regardless of the extent of future benefit?

• A)Technology
• B)Customer lists
• C)Research and development
• D)Leasehold improvements

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Definitions:

Hallucinogenic

Relating to substances that cause hallucinations, altering perception, thought, and feeling, and leading to experiences that differ from ordinary reality.

Depressant

A category of drugs that reduce the functioning of the central nervous system and produce feelings of relaxation and sedation.

Antibiotic

A type of medication used to prevent and treat bacterial infections by killing or inhibiting the growth of bacteria.

Meditation

A practice where an individual uses a technique – such as mindfulness, or focusing the mind on a particular object, thought, or activity – to train attention and awareness, and achieve a mentally clear and emotionally calm state.