Expenditures for Research and Development Intended to Lead to New

question 141

Multiple Choice

Expenditures for research and development intended to lead to new products of commercial value:

• A)Should be recorded as intangible assets and amortized during the years in which benefits are expected.
• B)Should be charged to expense when incurred.
• C)Should be capitalized only if patents are expected to be granted.
• D)Should be classified as deferred charges.

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